💥BPCL💥-Nice Breakout 💥BPCL💥-Nice Breakout
Capital to be deployed- 20k
Investing Price-395-398
Breakout Price-395
Stoploss-340
Targets-466-542
RT for max reach
#BPCL #StocksToBuy #stocks #StocksToTrade #StocksInFocus #stockstowatch #StocksInNews
BPCL trade ideas
BPCL : Going longI've made a purchase at around 1.25% of my capital. There's a potential upward move of approximately 22% to reach the top of the ascending channel. However, if the price experiences a sharp decline, I plan to add to my position at the next potential buying level, which is at the bottom of the ascending channel.
According to a Moody's report, high crude oil prices are expected to weaken the profitability of India's three state-owned oil marketing companies—IOC, BPCL, and HPCL. These companies will have limited flexibility to offset rising raw material costs by increasing retail selling prices of petrol and diesel in the current fiscal year due to the upcoming elections in May 2024. The ongoing war situation in Israel may further contribute to an increase in the price of crude oil, which could result in further corrections in their share prices.
However, I anticipate that after the elections conclude in May to June 2024, oil prices will likely rebound, leading to a recovery in the stock prices of these three companies. Therefore, any future declines in their share prices represent potential buying opportunities in my view.
BPCLChart has the SL and targets.
I am not the best analyst like the other social media experts. I am just a beginner and self investor. Please DYOR
BPCL making Bullish W pattern ready for big upside move On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
BPCL on BreakoutPrepare to Witness of the breakout and grab opportunity as BPCL formed Symmetrical triangle pattern
Buy near 353 - 355 Range
Sl below 350
Target Can achieve up to 360 / 365 / 372 ++
within 2 - Weeks
BPCL - Elliott Wave countNSE: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!
BPCL_23.08.2023At critical support. Seems to be on path of reversal. Nearing Elections and Crude price pressure is reducing its profit critically. Get ready to buy for long term.
BPCL Taking previous support and 50% supportBPCL Taking previous support and 50% support. Previous support is marked.
BPCL 1H BPCL is currently at a perfect previous support zone and trying to stay above this zone.
As the trend seems negative, It will break the support zone soon.
This stock should only take long entries once it passes the 360 zone and sustains above it.
BPCL IS IN CONTROL OF BEARS...Support breakdown in BPCL and currently it is retesting the support that it broke as resistance.
TP- 350
INVERTED HEAD AND SHOULDER PATTERN IN BPCLInverted Head and shoulder pattern has been formed on BPCL Breakout of the neckline will result in a Bullish Movement.
Expected Targets are:
TP1 - 366.15
TP2 - 370.90
BPCL WeeklyYour views on this ?? Anyone
Bharat Petroleum Corporation Limited (BPCL) is an Indian public sector undertaking under the ownership of the Ministry of Petroleum and Natural Gas, Government of India. It operates three refineries in Bina, Kochi and Mumbai.
Only for educational purposes.
bpcl 1w time frame target @ 407.55, 414.90, 418.40 bpcl 1w time frame target @ 407.55, 414.90, 418.40
ascending triangle breakout
risk reward 1.5
its just a view trade @ your own risk
sl@364
BPLC short position On the chart we can see a rising wedge. Our strategy is entering the short once the price breaks below the downsloping support line.
Approx. target is shown on the chart.
Ascending Triangle in BPCLThere is a ascending triangle forming in 1D time frame in BPCL, Once the breakout the SL could be placed at 353
BPCL is a BUY CMP377 for Targets upto 450This stock is travelling within the Wedge, now its time to reach higher end of the Wedge, once it breaks out of wedge then open blue sky
Bullish Flag in BPCL.A breakout and close above 375 could lead to continuation of trend. The target is considered to be equal to the length of the pole. So it should be able to reach 400.
