BPCLThe first Wave decline looks like a Leading Diagonal. And it seems we are in Wave B of which a and b done and it may bounce in Wave C. The bounce can be a great opportunity to enter short.
BPCL trade ideas
Fuel giant returns!!!!BPCL has been experiencing a falling wedge since a long time it gave a breakout some time back but failed to sustain causing a false breakout
it has formed the same falling wedge near support levels
it has started to feel some buyers coming in visible in shorter time frame
long term view:
BPCL is gonna be privatized by the year end seeming to be a good news
if yall can hold it till a year
dividend yield too is better than fd
Holding for long term can give great returns too!!!
breakout of trendline .Breakout of trendline .If it breaks 456 level we can go long for the target of 462.
BPCL Daily Bullish SHARK
Within 3-5 price bars need the confirmation from a Bullish CANDLE with RSI ABOVE 30
POTENTIAL BUY
BPCL 4HRSTRONG ZONE confluence of Daily & 4HR
Bullish Shark
Waiting for Break of Trend line with RSI ABOVE 30
BUY
BPCL Bullish flagBPCL has created a bullish flag in the one-day time frame. It has also given the break-out on the upper trend (resistance) line. Take entry after confirmation when the candle crosses above 50 EMA. keep stop loss. below the big bullish candle.
start accumulating bpcl this coming week bpcl might change its trend as per to the past history. stay alert . reger chart.
BPCLBpcl approaching towards the gap .
Buy opportunity can be seen at the levels marked .
For swing trade .
Opportunity yet to be formed .
Keep track of it
BPCL long tradeBPCL is contracting at a value area, it has also grabbed the liquidity that was below the equal lows. It will be a very good trade for very short term with very good R:R.
BPCL ------- will it cross 500 ??Not able to cross 500
will re test the support levels plotted...
Happy trading...............
BPCL wave analysisBPCL is near the end of wave 2 double combination complex correction which started in 2017.powerful 3rd wave to start soon.
BPCL 1D time frame analysisThere are two conditions mention in chart, if it make good green candle we can initiate our buy.
If not we will wait for retesting lines,
BPCL Looking good for upsideHello Traders,
BPCL currently trading nearly 52 weeks high.still it has potential to go up, so we are publishing our analysis on BPCL.Triangle pattern has formed on chart.Price Action in looking good for upside.We can see 570/625 in next 6-8 month.It is looking good for mid term swing position.
Strategy::
Buy range:480-500
If price correct add more @ 440-455
SL: 415
Target:540/575/625
Consult your financial advisor before taking any action.
Educational purpose only.
BPCL about to hit life time highsNSE:BPCL is coming out of an ascending triangle.
CMP 489 is just about right to buy, with a stoploss of around 482. If it hits, wait for another attempt to break the 480 mark.
Target of 542 above which the stock can make all time high.
Board has declared a dividend of 58 per share awaiting approval at the AGM.
