BPCL trade ideas
BPCL long.Elliot Wave Formation happening on daily timeframe.
Going for wave 5 !!
Expected TGT of 580/- With a SL of 390/-
BPCLNSE:BPCL
THE TREND REVERSAL LEVELS FOR NOW SEEMS AT 397 WHICH WAS TODAYS LOW
BELOW THIS IT CAN LEAD TO 392, 386 AND 375
ABOVE THIS 412, 423, AND 436
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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BPCL: 20 AUG 20 : STRONG SUPPORT LEVEL W PATTERN CHANCEBPCL: 20 AUG 20 :
THIS IS THE STRONG SUPPORT LEVEL IN DAILY CANDLE, IT IS A STARTING POINT OF CHANCE TO FORM "W" PATTERN(DOUBLE BOTTOM).
BPCL Strong Bullish closing above 410CUP & HANDLE breakout
Can be bought with a small stop loss of 399 400
for a potential of more than 10-15%
BPCL anticipatory tradeRISKY TRADE I AM ANTICIPATING THIS TRADE.
Please do your own research before trading or investing.
Trend Continuation Strategy - $BPCLThis petroleum stock has just posted a good results & it is just in the support trend line.
Buy Price : 404.05 INR
Stop Loss : 386.90 INR
Sell Price : T1 : 320 INR, T2 : 446.70 INR
BPCL: IF 442 BEARKOUT THEN EXPECT A GOOD UPTREND UPTO 467 IN A IF 442 BEARKOUT THEN EXPECT A GOOD UPTREND UPTO 467 IN A WEEK
BPCLHello traders,
Buy BPCL @CMP with Stop loss 400 for target 480 !!
Because it is consolidating at support zone & 200 EMA is also working as a support at the same place !! So it might be a good deal !!
Bpcl long for 500 targetBpcl broke resistance which later became support.. and now a bullish kicker at support signifying rejection at support
BPCL price at supportthis is good buy zone as i see long tail after breakout.
still i will not touch we need good candle close above this zone.
BPCL | LONG TRADEHey guys,
BPCL has a very good setup right now. It seems to be forming a bearish bat with the second impulse wave in the formation.
This trade has an RR Ratio of 6.82. So that pretty much is a very good number to give in.
Sell in the red region and buy back lower at the 0.382 retracement.
