BPCL ANALYSIS1.Consolidating in a same range(290-355)for over 300 days
2.MT and ST Outlook: Long Buildup
3.ADX=28.87
4.Above 20,50,100,200 Ema's
5.RSI=70
Support=290 Resistance=350-355 Target=385,400
BPCL trade ideas
Resistance BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
BPCLNSE:BPCL
One Can Enter Now ! Or Wait for Retest of the Trendline (BO).
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
BPCL : Can break box pattern? After down trend, BPCL is now in accumulation phase. Bulls are showing aggressiveness on chart. May be it revers again from here inside box.
but what if it breakout box pattern :). Can we see uptrend back ?
What's your view? My view, i will wait for Box pattern breakout before entering and keep eye on this stock. Best for Swing trading if you know price actions
Like, Share, Comment for regular updates.
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
I may be 100% wrong as its my personal trade.
First Learn and then remove "L"
BPCL SHORT TO MEDIUM TERM VIEW 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 Analysis for 10th March Technical analysis of BPCL
1) rejection From the 50% Fibonacci retracement level
2) Formation of symmetrical Triangle
3) Consistent supply
4) No RSi divergence Spotted but, it's below 50
I am gonna be neutral on the analysis And I'll trade with the trend or play the reversal of the trend.
BPCL SHORT TO MEDIUM TERM VIEW (HEAD & SOLDER PATTERN)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 : Volatility DivergenceBPCL Stock on Daily TF we can see that took support at 325 level and gave upper closing on Friday with high volume. Stock has made Volatility Divergence on daily TF means 3rd Feb stock has closed below lover band of BB and on last couple of days stock gave closing in lower band of BB. its give signal to stock is ready for going upside move.
Entry : CMP
Sl : 325
Upside Move : 340,345
BPCL MAKING FLAG PATTERNyou can trade in 5 min timeframe and set your target and stoploss by yourself
thanks for the support
BPCL - Bullish CycleBPCL - Elliott Wave View.
Pattern suggests a triangle formation, which means a bullish scenario is likely from this level. A move below 300 would be an invalidation to this idea.
BPCL view triangle formationBPCL view triangle formation for today 14th Feb
Buy above 338
Sel below
Follow strict risk rward and stop loss if u follow the level
Charts for Educational purposes only
Thanks,
V Trade Point
BPCLBPCL CMP 326.9
Charts speaks for itself
A probable green zone where I am seeing prices to comeplete its corrective wave
after completion of it...
Expecting strong upside movement as Wave 3
Just a view!!
Vedang:)
Chart is for study purpose only!!!
BPCLday chart of BPCL
Resistance zone is 355
Support zone is 320
Strong Support zone is 290,
If price comes below 342 then I will short otherwise if orice goes aboive 355 and sustain that level then it can be bullish for short term.
BPCL view BPCL is currently in a perfect place. We can expect an ideal directional move from this point on either side.
Wait for his stock to confirm either side move with good volumes and follow-up candles.
Trade safe. Manage risk. Be profitable.
Please follow us for more simple trading analysis and setups. Also, let me know in the comment if you have any queries.
Disclaimer:- This is my view. Please analyze the charts yourself and then decide to take any trades.
BPCL: Oiled enough?falling channel BO done, HH-HL already forming on Daily TF, Rectangle consolidation box is to be broken amd to be closed above 357 with good vol to create the buzz.
BPCL Looks Bullish and showing a sign of uptrendIf level of (355) breaks and a candle closed above this level, then it can rally upto a target of (398) respectively
As You can see BPCL 🤑Have you taken entry on our previous level ❓, if yes then you are 💯 in Green Zone🤑
share your thoughts on the same in comment section
BPCL is on Bullish Mood 🔥Keep Eye 👀 on BPCL Share as it's Target 🎯 price would be 334 for Swing Trade 📈.
Note : This is just for Backtesting and Educational Purpose Only.
SWING CALL: Buy BPCL @ CMPRecently BPCL broke its crucial level and it is currently trading at favorable risk to reward ratio
BPCL - Head & Shoulder pattern - 15% ROIAll details are given on chart. If you like the analyses please do share it with your friends, like and follow me for more such interesting charts.
Disc - Am not a SEBI registered. Please do your own analyses before taking position. This post is only for educational purposes and not a trading recommendation
BPCL: Fueling?BPCL has given a BO from falling channel, a double bottom has been formed. The first target is 398 and the final target is 485. This will be either very slow or swift as hell, no in between.
