BPCL trade ideas
BPCL - A long Play is unfolding# BPCL
# A complex Long setup (May get unfold)
# Respecting Pitchfork (Means probability is upside move)
# Red Boxes (A) = (B) - Historically Spike Zone
# Contra trade near 380 (Go long) and SAR
# Long as near as 380 (SL - 1 - 2%)
# Can be played through Options
BPCL new Target Rs. 500++Looks like BPCL is moving ahead in wave 4, and will touch pivot point of wave 5 very soon. If invested now can give 30% return. Check the chart and comment for suggestions.
We are also waiting for good disinvestment news that can even cross Rs. 500 target mark
What are we talking about?
BPCL target price Rs. 500
Wave 4 of Wave 5 started
RSI is gaining strength
BPCLBPCL previously stock had reversed from a bearish bat pattern around 481 ,bat targets have been met yesterday on 25/09/2020 at 365 levels.
now wait for support levels to buy at 346-336 levels for 398/440/481.
follow for more updates
BPCL LONGBpcl has broken the fibonacci resistance level, it can be bought for a tgt of 667,680 with a of 650 for Positional trades
BPCL at support level with the 50 moving average Consider as a intraday trade for tomorrow..if NIFTY takes a bull move can cause to a massive resistance break out
BPCL Heyy!! BPCL is a stock more dependent on price of crude oil so better trade consciously now it looks in downtrend if it will not break 350. #learner
BPCL SWING TECHNICAL ANALYSISAs per the Technical Analysis Chart Pattern, BPCL SWING TRADING view.
The potential bullish trend with the upside of 368 as the first target from the breakout of 355. We can follow the strict Stop Loss of 344. It is only Buy Above the resistance of level of 355.
380 can be taken as a second target.
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This is only for educational purposes.
