BPCL-LONGBullish trend in formation on BPCL. Price action suggests further upside potential. Key support and resistance levels to watch. Consider long position with appropriate risk management.
BPCL trade ideas
BPCL-LONGSharing my bullish outlook based on BPCL. Would love to hear your thoughts and insights on this setup.
@BPCL Swing/short Trade@BPCL
Buy Above @629
SL Below @533
Target @686 , @782.
If you want minimize risks After Entry put @SL at last Higher-Low(HL) or follow trend line as SL or Trailing-SL
Plz Note : This levels are only for Swing Trade & Disclaimer: All Information on this page is for educational purposes only , we are not SEBI Registered . Please consult a SEBI Registered financial advisor for your Financial matter before investing & taking any decision. We are not responsible for any profit/loss you made.
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BPCL: Gearing up fly high - Know Why!Daily Time Frame:
Key Points:
Breakout Confirmation: The stock has decisively moved past its 4 years long resistance, confirming the breakout.
Volume Surge: Accompanied by high trading volume, indicating strong market interest.
Target Potential: Eyeing a 50% upward move based on technical analysis.
Why This Matters:
Momentum: Breakouts like this often lead to sustained trends.
Opportunity: Ideal for traders looking for growth stocks with strong technical setups.
- Above 620 it will start to shoot and also EMAs have confirmed the bullish trend continuation.
- If you have liked my chart reading and analysis, don't forget to leave a comment and boost the post.
- Wish you all a profitable trading journey. Cheers!
Disclaimer: This is NOT a buy/sell recomendation. This post is meant for learning purposes only. Please, do you due diligence before investing.
Thanks & Regards
BPCL is ready for a bullish break outBPCL 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 INR 545-555
Stop Loss should be INR 457.00
Risk to Reward will be 1:3
The time horizon should be 9-12 months
39% Lying on the Table in BPCL chartsThe fundamental situation, BPCL is in, I can not see it not going ahead and achieving the 39% technical targets.
Disclaimer: I am holding since 355 and have targets of almost 100% from current levels, i.e. of around 1150.
Trade/ make financial commitments at your own risk. This is to spread awareness and not intended as a buy/sell call. Always, do your own research and/or seek expert financial help.
BPCL- Strong breakout!!-Intraday Analysis for 27th May 2024
Check out swing analysis for overall view pinned below.
Now price reacted at 0.5 Fibonacci level & strong keylevel in upward range trend. If buyers not allowed to create one more higher low then strong movement expected with big breakout.
Price is following the upward channel
Buy Above:657
T1:666
T2: 674
Swing traders can hold for more time
Direct Gapup entry should be avoided
Get confirmation from any of the leading indicators before entering trade
Kindy comment below in case of any clarification required on this particular idea.
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Intraday view for BPCL for today #BPCL Intraday view for BPCL for today #BPCL
Buying opportunity may witness above 662
Support area around 655-650
Charts for Educational purposes only.
Not a Trading Recommendation.
Please strictly follow Risk Reward and Stop Loss if you follow the levels.
Thanks,
V Trade Point
I alredy published before BPCL Brakeout Now target achivedI alredy published before BPCL Brakeout.Now target achived
BPCL S/RSupport and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support.
Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline.
Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities.
Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement.
Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
BPCL-Time to shift the gears for bulls? Week & Daily AnalysisNSE:BPCL
Overview:
After the big up trend from November 2023, price has broke previous ATH. Due to strong movement price has reached 20% above previous ATH. But Healthy breakout needs proper consolidation & also due to profit bookings price was under small retracement.
Again the price has bounced from previous ATH but this time with W Chart pattern(Day TF) & more importantly Fibonacci at 0.382 Level. Inside candle price break in weekly time frame & also in Day TF indicates strong movement ahead
Buy: Above 654
1st Target(Swing traders): 688
2nd Target(Investment): 750
Get confirmation from any of the leading indicators before entering trade
Kindy comment below in case of any clarification required on this particular idea.
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“The goal of a successful trader is to make the best trades. Money is secondary.” - Alexander Elder
BPCLBPCL
BPCL Looking good if sustains above 654
Weekly inside bar breakout awaited above 689 for more confirmation
#BPCL
BPCL- Intraday & Swing Analysis(Market at crucial level!! )
Day TF:
Overview: After the big up trend from November 2023, price has reached new all time high couple of times and under consolidation from two months. Again the price has bounced from support but this time with W Chart pattern & more importantly Fibonacci at 0.382 Level. Inside candle price break in weekly time frame
If stock found some consolidation during W Pattern. We can expect new all time high in couple of weeks.
15 Min TF:
• Over all, Stock us in upward range by creating Higher Highs and Higher lows
• After rejecting the price from 200 EMA, price has shifted gears and given a healthy breakout and reached new all time high.
• Later part, due to profit booking, it was under retracement. During observation, we can find the gradual decrease in volume indicating bullish hold.
• Further, price has rejected at previous resistance level by converting to support and also it was rejected by FVG & 50 EMA.
Entry:
Buy (Risk Entry): Above 632
Safe Entry: Above 636
Safe exit for intraday:639
Swing/positional traders can hold long for bigger profits ahead.
Get confirmation from any of the leading indicators before entering trade
Kindy comment below in case of any clarification required on this particular idea.
Please follow for more ideas
Quote of the Day: “The trend is your friend until the end when it bends.” - Ed Seykota
NSE:BPCL
LONG OPPORTUNITY IN BPCLBPCL is above at a strong demand zone we can see a short term long opportunity. if 690 breaks we will get another big move
Fundamental Picks - Stock PE < 20 (NIFTY 50)📊 Script: BPCL
📊 Sector: Refineries
📊 Industry: Refineries
⏱️ C.M.P 📑- 585
🎯 PE 🏆 - 4.38
📊 Script: ONGC
📊 Sector: Crude Oil & Natural Gas
📊 Industry: Oil Drilling / Allied Services
⏱️ C.M.P 📑- 275
🎯 PE 🏆 - 8.24
📊 Script: COALINDIA
📊 Sector: Mining & Mineral products
📊 Industry: Mining / Minerals / Metals
⏱️ C.M.P 📑- 435
🎯 PE 🏆 - 9.14
📊 Script: SBIN
📊 Sector: Banks
📊 Industry: Banks - Public Sector
⏱️ C.M.P 📑- 750
🎯 PE 🏆 - 10.49
📊 Script: INDUSINDBK
📊 Sector: Banks
📊 Industry: Banks - Private Sector
⏱️ C.M.P 📑- 1482
🎯 PE 🏆 - 13.33
📊 Script: HINDALCO
📊 Sector: Non Ferrous Metals
📊 Industry: Aluminum and Aluminum Products
⏱️ C.M.P 📑- 614
🎯 PE 🏆 - 14.69
📊 Script: TATAMOTORS
📊 Sector: Automobile
📊 Industry: Automobiles - LCVs / HCVs
⏱️ C.M.P 📑- 963
🎯 PE 🏆 - 16.51
📊 Script: POWERGRID
📊 Sector: Power Generation & Distribution
📊 Industry: Power Generation And Supply
⏱️ C.M.P 📑- 281
🎯 PE 🏆 - 16.62
📊 Script: HDFCBANK
📊 Sector: Banks
📊 Industry: Banks - Private Sector
⏱️ C.M.P 📑- 1531
🎯 PE 🏆 - 17.12
📊 Script: NTPC
📊 Sector: Power Generation & Distribution
📊 Industry: Power Generation And Supply
⏱️ C.M.P 📑- 350
🎯 PE 🏆 - 17.38
📊 Script: ICICIBANK
📊 Sector: Banks
📊 Industry: Banks - Private Sector
⏱️ C.M.P 📑- 1067
🎯 PE 🏆 - 17.62
📊 Script: JSWSTEEL
📊 Sector: Steel
📊 Industry: Steel - Large
⏱️ C.M.P 📑- 864
🎯 PE 🏆 - 18.79
Formula to calculate PE = MVP/EPS
MVP - Market Value Per Share (Stock Price)
EPS - Earning Per Share
Industry(NIFTY50) PE - 22.7
Always Compare Stock PE with Industry PE for Better Understanding.
LOWER THE PE MORE ATTRACTIVE THE COMPANY.
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
Keep An Eye - At Support - BPCL📊 Script: BPCL
📊 Nifty50 Stock: YES
📊 Sector: Refineries
📊 Industry: Refineries
Key highlights: 💡⚡
📈 Script is trading at its support level on weekly chart, keep an eye on stock we may see some good really from here.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 585
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
BPCL Symmetrical trial chart pattern is forming on one day chart of BPCL. After breakout, entry can be taken at 610. Target will be 645/685/725 and stop loss will be 590
BPCL Symmetrical trial chart pattern is forming on one day chart of BPCL. After breakout, entry can be taken at 610. Target will be 645/685/725 and stop loss will be 590
Long side opportunity in BPCLAfter completing a five-wave cycle followed by an ABC corrective pattern, BPCL appears poised for further upside momentum. With the completion of the 1% projection of the ABC pattern, the recent upward movement indicates potential for another bullish phase. Considering Elliott Wave theory, a retracement to the 0.6 Fibonacci level is expected, providing a favorable entry point. A recommended strategy would be to buy at the 0.6 Fibonacci retracement level, with a stop-loss set at the low of the C wave for risk management purposes.
BPCL H&S Pattern Break DownBPCL 1Hr Chart - Completed 5 Impulse wave then entered in correction with H&S pattern
