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 Short to Medium Term View is given SL is on 336.40 Entry is at 324.55 Target is at 299.90 This View is for Short to Medium term only and is purely based on technical analysis and is for educational purposes.
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 &...
BPCL Technically near to support price if not break out support reverse possible
Based on candle stick pattern formed as the price has not been able to clear its resistance level. * only for intraday purpose * Watch the opening and then take a call Resistance: 399-405-409 Support: 390-387-381 Buying can happen above 397 Selling pressure may come around 395
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 is at a very crucial level. A good short trade is expected. Breakdown of 2 months trend - Good fall . Breakout trade can give 1% to 1.5% targets. Short below- 390 Target 1 - 380, Tgt 2 - 370. St Loss - 395 Buy above - 395 Target 1 - 400, Tgt 2-405+ St loss-390
Stock of the day. Sell BPCL below 422 Target-418-414 SL-428
bpcl 60 points upside move we can see on next week
Bharat Petroleum Corporation Ltd (CMP 367.35) is showing negative divergence along with a double top pattern on daily chart. Downside targets can be 355/340/335/320 on positional basis. Stop loss can be kept at 380 on closing basis or at 385 on intraday basis. BPCL may turn very weak below 350. Risk is all yours.
BPCL Extremely High Probability Short Setup