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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 -Bullish Price Action AnalysisFrom Oct 2021 , NSE:BPCL has continuously made LH-LL in daily Time Frame. Now Price has Approached pandemic level and also its demand zone comes from the higher TF such as Weekly & RSI is showing the Divergence. A good buying opportunity arise if price sustains this demand zone (287-300). Price has already dragged much from the top level so buying opportunity only comes to the picture. If you have other opinion, please share your comment below and like & follow for upcoming great analysis. Safe Trading ;)
NSE:BPCLLong
by vraj8597
Head & shoulder in BPCL. BPCL has formed a head and shoulder pattern on a daily time frame. The stock had closed just near the neck line and if the level is crossed a nice target of 315 can be achieved in intraday trade. The stock is trading below 20 and 200 DMA and on the hourly time frame, there is a bearish moving averages cross over. Confirmation for the trade:- 1. Head & shoulder 2. Bearish cross over (hourly time frame) 3. Closed below 20 and 200 ema (daily time frame Only enter the trade if a 60 minute candle closes below 320-320.5 price level. Targets :- 315, 307 Stop loss :- 325 Wait for a clear enter in the trade and for a price action near the levels. A intraday and even a swing trade can be initiated in this stock.
NSE:BPCL
by Mambotrade