BPCL trade ideas
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.
BPCLSL-460
#CLEANANDCLEARCHARTS
Wait for a closing above 481 on daily timeframe candle.
Easy trade maintain sl targets are mentioned on charts. If break above pattern then hold it for medium term.
Queries in comment section.
BPCL ::: BULLISHDATE: 18 MAY 2021
INSTRUMENT: BPCL
TREND: BUY
TIME FRAME: DAY
CMP: 448.45
BUY ABOVE: 453
STOP LOSS: 440
TGT 01: 470
TGT 02: -
DISCLAIMER:
We are not S E B I registered analysts. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.
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BPCL FUTURE LOOKOUTBpcl has been in somewhat of an uptrend as of late. But for the third time since last july 2020 today again it failed to cross the levels of 481-482. If tomorrow it crosses and closes above 481 we can most likely see an upside till 510 or higher. The same way if it closes again in red with a decent body below todays lows it can be shorted with 482 as a stoploss. Reason to short would be a triple top and a negative rsi divergence.
Bullish on BPCLBPCl is about to break the 480 trend line and looks Bullish, also the company is in good profits and is about to give a dividend of Rs 58/share. We can go for a buy now or once it crosses the 480 trend line and keep the stoploss somewhere below the trendline depending on your risk management. The first target is 510 and the next is close to 535. The target can be achieved in the next couple of weeks. Please verify with your analysis and think twice before investing. Happy Trading.
BPCLBPCL ON 1 HOUR CHART
Swing Trade(2-3 weeks)
BPCL form cup and handle pattern
Breakout of this pattern 480
entry zone above 480
Target 505, 534
SL 472
