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BHARAT PETROLEUM CORPORATION LBHARAT PETROLEUM CORPORATION LBHARAT PETROLEUM CORPORATION L

BHARAT PETROLEUM CORPORATION L

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BPCL trade ideas

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. Please follow for more ideas
NSE:BPCLLong
by Swinging_Inside_the_BAR
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.
NSE:BPCL
by zenthosh
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. Please follow for more ideas “The goal of a successful trader is to make the best trades. Money is secondary.” - Alexander Elder
NSE:BPCLLong
by Swinging_Inside_the_BAR
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
NSE:BPCLLong
by Swinging_Inside_the_BAR
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!🥂
NSE:BPCLLong
by radha_23
4
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!🥂
NSE:BPCLLong
by radha_23
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.
NSE:BPCLLong
by ElliottWaveInsights
A posible buying opprotunity in BPCLBPCL has been in an consolidation range fpr the past few years and a month ago has given a multi-year breakout.The relative strength for 65 and 123 days has crossed the zero line which shows that the stock is beter performing than the index. The risk present is that prior to the breakout stock has appreciated to around 50% which shows that it is a littile risky to enter now. It is ideal For participants having an time horizon of 1-3 months preferably (Note: This is not an investment tip. Please do your own analysis and then make a decision.)
NSE:BPCLLong
by sreeragvinod8