BPCL trade ideas
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
BPCL BUYBPCL single showing bull s mode target final area 622 and 522 corrections area and then goes up move this only cash segment buy once it get up side
BPCLTrendline breakout. Buy above 481 with SL of 460 with targets of 510 and 545 in swing to short term.
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Above ideas are for educational purposes only, kindly consult your financial advisor before investing.
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BPCL LONG TERM Ascending Triangle Formed. Can see breakout. Oil stocks can fire. Barrel price is increasing
BPCL- BULLISHDATE: 18 MAY 2021
INSTRUMENT: WIPRO
TREND: BUY
TIME FRAME: 3 hrs
CMP: 448.45
BUY ABOVE: 453
STOP LOSS: 440
TGT 01: 470
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.
BPCL Daily STRONG Potential reversal zone of 2 Bearish bat as prices was rejected ever time from this level
expecting price come into prz of patterns
to Short
BPCL 4HRBearish Shark & Deep Crab Strong POTENTIAL REVERSAL ZONE
Waiting for price to enter into zone to short
