BPCL has been trading with good volumes on the bourses in recent months. The 52W H/L being INR 484.60 / 314.10 It is consistently trading above its long-term Moving Average for the past 3 months There is a positive divergence on the oscillators It is standing right at the resistance level on higher time frames Resultantly, I believe that the target price should be...
NSE:BPCL NSE:BPCL1! BSE:BPCL BSE:BPCL1! BPCL - The Elliott wave count seems to indicate a bearish market trend. It's best to avoid buying during a second wave of movement, as a fall is possible. For education purposes only!
Observations:: --------->> The stock is trending upwards in daily time frame. --------->> Previous resistance is broken @360 strongly. If this acts as support buy ness is observed. -------->> we have a demand zone @340-335 levels. where previously strong buy ness is observed. --------->> if this zones acts as a support, a strong rise towards upside is...
BPCL making a bullish pattern called head and shoulder and after its breakout we see targets of 60-70 points which is length of head targets are marked as fib levels for cautions not only BPCL but across oil sector looking bullish for few weeks
After down trend, BPCL is now in accumulation phase. Bulls are showing aggressiveness on chart. May be it revers again from here inside box. but what if it breakout box pattern :). Can we see uptrend back ? What's your view? My view, i will wait for Box pattern breakout before entering and keep eye on this stock. Best for Swing trading if you know price...
BPCL is currently in a perfect place. We can expect an ideal directional move from this point on either side. Wait for his stock to confirm either side move with good volumes and follow-up candles. Trade safe. Manage risk. Be profitable. Please follow us for more simple trading analysis and setups. Also, let me know in the comment if you have any...
28-11 Daily chart of BPCL1! Candles have breached the resistance at 330 with strength (manual). The strong bullish candle is attempting to breach resistance at 336.15 (200 EMA). There is a bullish divergence as well. I have gone long as I think that once the candles manage to break and sustain above 336.15, it may test 368.45 levels.
I am expecting a reversal on NSE:BPCL . As per my analysis, best level to take entry is 310 (have to wait for levels to come). My targets will be 318, 338 & 365. Can exit if price trade below level of 295 (Stop Loss 295). Note: This is my personal analysis, only for learning. Thanks.
BPCL has formed a head and shoulder pattern on a daily time frame. The stock had closed just near the neck line and if the level is crossed a nice target of 315 can be achieved in intraday trade. The stock is trading below 20 and 200 DMA and on the hourly time frame, there is a bearish moving averages cross over. Confirmation for the trade:- 1. Head &...
BOCL going to reach 795.80 in my view and wave method..
The stock has crested a good base at the level range of 330 levels. As you can see the stock has taken support around this area and moved upwards. It reached a high of 503 levels before crumbling to huge selling pressures. The stock is trying to make its way back to the top. I have presented my views on the chart with levels that can help you take your...
BPCL Technically near to support price if not break out support reverse possible
Great opportunity for "swing trade" in "BPCL" stock gives positive brakout after downtrend buy it after re-test at 400 our SL is 350 and TGT is 450,500.
BPCL chart forming a FALLING WEDGE pattern.... Buy above 385 only For the target 🎯 of 400.
NSE:BPCL Observations: 1) On Daily Time frame it looks trading in the range 445-465. 2) On Daily Time frame it looks like it is forming tripple bottom or may form tripple top pattern. 3) On Daily Time Frame it took support from 21DMA and closed above 50DMA Please refer Chart below: daily time frame. 4) On 1hour time frame stock closed in the critical...
Bpcl approaching towards the gap . Buy opportunity can be seen at the levels marked . For swing trade . Opportunity yet to be formed . Keep track of it
Hello Traders, BPCL currently trading nearly 52 weeks high.still it has potential to go up, so we are publishing our analysis on BPCL.Triangle pattern has formed on chart.Price Action in looking good for upside.We can see 570/625 in next 6-8 month.It is looking good for mid term swing position. Strategy:: Buy range:480-500 If price correct add more @ 440-455 SL:...
Good for Positional Traders. Enter after the breakout or buy and hold.