BPCL trade ideas
options buying strategyTRADE IS VALID ONLY IF IT CLOSES ABOVE THE PRESCRIBED LEVEL
Option buying trades should not run for a very long time
It should have that momentum move SO that the option price does not melts
I TAKE TRAININGS ON OPTIONS BUYING STRATEGY AND EXCLUSIVE INTRADAY STRATEGY
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1049. NR7+IB.. for intradaypattern looks biased towards short side; any how market provide the breakout direction; trade breakout pullback set up for buy or sell
sl compulsory
1006 .. 3IIB plus NR7+IB. market provide the direction of breakMarket will provide the direction of breakout and will enter in pullback of that direction with SL.
SL compulsory
Intraday BPCL Correction expectedNSE:BPCL Intraday Correction expected in this. May fill the gap which has been ctreated today morning. We may go short on this with SLTP around 512 and Target 480.
BPCLFibo levels plotted.
SR plotted.
Apparent Flag and Pole with breakout confirmed.. Flag length covered.
Now will the Pole length be covered as target ??
BPCL : Buy abv 360consolidating in the 330 350 range since a month and oscillating based on moves in the crude oil market
It has made a good move based on last night in the crude market
It is currently hovering at its 200 DMA
A break above 360 levels has potential to take it to 372
Keep stops at 340
BPCLDownward wedge.
Stock has started upwards movement from near bottom of wedge.
Support is the yellow line (for probable SL) and targets are the 2 zones marked.
Fibo levels also plotted for clarity of levels.
