HULL VIEW chart pattern looking weak now so planning for sorting for a bigger Target with stop loss 10 Rupees
BPCL trade ideas
Are we looking for a Bull move upward?What is chart action suggesting us to expect on time - seems like a impulse wave waiting to unfold with time.
There is a what and if associated with every condition on chart action!
Times to unfold!
#BPCL
BPCL--Good Buy @340-335 Range??Observations::
--------->> The stock is trending upwards in daily time frame.
--------->> Previous resistance is broken @360 strongly. If this acts as support buy ness is observed.
-------->> we have a demand zone @340-335 levels. where previously strong buy ness is observed.
--------->> if this zones acts as a support, a strong rise towards upside is possible.
If price breaks resistance @375 range we have next resistance placed @385,400 range possible.
if price comes back to this place we will go for buy @375,385,400 . Keep track this levels.
H&S formation happening in BPCL with rising RS curveIt seems a head & shoulder formation is happening in BPCL counter. Currently right shoulder is under formation & volumes have squeezed out.
Confirmation only when it gives a breakout above neck-line with huge volumes with positive RS.
BPCL - Weekly AnalysisIn the Weekly Chart of BPCL ,
we can see that, after the breakout failure, we saw a strong back in W Pattern.
now it has retested hand formed a Hammer candle on Breakout Trendline.
BPCL weekly consolidation break outBPCL showing a break out after major consolidation in weekly chart. The price action can be up to 410.
BPCL HEAD AND SHOULDER BPCL making a bullish pattern called head and shoulder and after its breakout we see targets of 60-70 points which is length of head targets are marked as fib levels for cautions
not only BPCL but across oil sector looking bullish for few weeks
BPCL strong volumes near resistance. If crossed can hit Rs. 399Strong volumes were seen in last two trading sessions near resistance with a doji formed in the last trading session on Friday. If resistance is broken then price can hit Rs. 399/-
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
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.
