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BPCL - Bharat PetroleumBPCL's price action has been in the range of 360 to 410 for the past 4 months and it has made the level of 400 as strong support. The stock is expected to show an up move to the levels of 470+ in coming weeks subject to the fact that it breaks the supply zone of 428-434 which has been acting a strong resistance for the stock. Buy - CMP or ~411 (if it experiences any correction which is a least likely event) T1 (Immediate) - 430+ T2 - 470+ SL - 411 Triggers - Improved earnings reported in Q3 on YoY and QoQ basis. Increased sales of automobile sector will lead to more and more demand for fuel. Transportation services are expected to be normalised soon post COVID thereby increasing the sales. NOTE : These findings and levels are purely based upon the knowledge and understanding of the post publisher. The idea here is to predict the future price movements hence, please do not consider this as stock advice or recommendation.
NSE:BPCLLong
by mishraparimal09
HPCL - HINDPETRO HP NSE:HINDPETRO CL had been consolidating close to a year now. And by looking at the pace of recovery of the Indian economy and keeping the earnings season in mind, HPCL seems to be ready for an up move. Price levels are as below - Buy - ~ 212 + ( stock respects the support level of 210 ) Target - 235+ SL - 208 Influencing factors - 1. Budget expectations 2. Earnings for 3rd quarter for FY 21 3. Increase in the demand of automobile and its ancillaries. NOTE : These findings and levels are purely based upon the knowledge and understanding of the post publisher. The idea here is to predict the future price movements hence, please do not consider this as a stock advice or recommendation.
NSE:HINDPETROLong
by mishraparimal09
#banknifty analysis for 5th Feb #banknifty analysis for 5th Feb 6 trading session 5725 point rally, it's too fast & furious rally to sustain and have to cool down. The pattern getting formed is a nonsustainable pattern and will fail (71% elevation can't be sustained) Positional short only below 34,200. Decision Zone:- 35,028 -35,160 Upper Targets:- 35,321 / 35,413 / 35,845 / 35,996 / 36,112 / 36,328 Lower Targets: 34,791 / 34,498 / 34,047 / 33,586 One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't trade. E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will short else you won't. John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve. Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient. Regards, SG
NSE:BANKNIFTY
by subhagghosh
3
SBI 13/01/2021 updated after 1St TP achievedHi this analyze is base on my preview video analyze of the same ticker www.tradingview.com as we can see our first target was 300 to 310 Rs which we had achieved and now we are crossing the 161.8% fib projection which is also called as extension zone in Fibonacci jargon and it gets interpreted that once we touch this zoon after crossing the 127% of the same fib, then we can expect the trend to reach the 261.8% of the same fib projection which I have specified with the TP Zone Box (350Rs) we may have a renege and consolidation period as we are breaking trough a tough resistance zone which i have specified with the red box. or a little bit correction to 127% of fib but the ultimate target is to cross the resistance zone and hitting our target price of 350Rs please comment your opinions
NSE:SBINLong
by BitonGroup