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BHARAT PETROLEUM CORP LTDBHARAT PETROLEUM CORP LTDBHARAT PETROLEUM CORP LTD

BHARAT PETROLEUM CORP LTD

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BPCL trade ideas

Long side opportunity in BPCLAfter completing a five-wave cycle followed by an ABC corrective pattern, BPCL appears poised for further upside momentum. With the completion of the 1% projection of the ABC pattern, the recent upward movement indicates potential for another bullish phase. Considering Elliott Wave theory, a retracement to the 0.6 Fibonacci level is expected, providing a favorable entry point. A recommended strategy would be to buy at the 0.6 Fibonacci retracement level, with a stop-loss set at the low of the C wave for risk management purposes.
NSE:BPCLLong
by ElliottWaveInsights
A posible buying opprotunity in BPCLBPCL has been in an consolidation range fpr the past few years and a month ago has given a multi-year breakout.The relative strength for 65 and 123 days has crossed the zero line which shows that the stock is beter performing than the index. The risk present is that prior to the breakout stock has appreciated to around 50% which shows that it is a littile risky to enter now. It is ideal For participants having an time horizon of 1-3 months preferably (Note: This is not an investment tip. Please do your own analysis and then make a decision.)
NSE:BPCLLong
by sreeragvinod8
BPCL Long callBPCL Chart is showing a bullish trend, breaking its sturdy resistance level around 550 levels. . The risk-to-return ratio (RRR) for this exchange seems favorable, expected at 1:4, indicating a potentially high return investment scenario. In percent terms the predicted return could be approximately 24%. Based on cautious evaluation of the stock's movement and historic pattern . For a complete visual representation, I endorse relating to the chart, where you can have a look at the price actions. This chart will provide a clearer image of the bullish momentum and the capacity for vast profits inside the near term.
NSE:BPCLLong
by Pure_Technicals
Chart of the week. BPCLLast week, BPCL has given breakout and closing above its all time high of 540 which was made in August 17. Now the stock is ready to up wards in a blue sky territory. This is one of the most dividend giving PSU. Company has been maintaining a healthy dividend payout of 57% (better than any bank FD's), hence its a worth of a trade. Since it has hit its all time high and it gained 18% in last week, there is a higher probability of the stock taking resistance. I would recommend to accumulate this stock on each dip. If we get 2 consecutive weekly closing above this price, buy aggressively. If by luck you get this stock around 490 buy aggressively. CMP - 558 (4/2/24) T - 720, 1000 SL - 480 W
NSE:BPCLLong
by AbNamjoshi
@BPCL Swing/short Trade Buy Above @ 471 SL Below @ 440 Target @ 486 ,@ 494 ,@ 513 If you want minimize risks After Entry put @SL at last Higher-Low(HL) or follow trend line as SL or Trailing-SL Plz Note : This levels are only for Swing Trade & Disclaimer : All Information on this page is for educational purposes only , we are not SEBI Registered. Please consult a SEBI Registered financial advisor for your Financial matter before investing & taking any decision. We are not responsible for any profit/loss you made Like, Comment & Share
NSE:BPCLLong
by the_chart_analytics_
2
BPCL : Booked profit of 15.15% on invested capitalBooked a profit of 15.15% on the invested capital on 15/11/2023. The move happened sooner than I expected it to. So decided to book profit since there is a higher probability for a sell-off to happen anytime soon, from a technical viewpoint. Fundamentally also, I don't see much positive sentiments, that may push price further from the current valuation in the near term. So decided to take the chips off the table. The previous posts on this stock are attached along with. Do check them out.
NSE:BPCLShort
by Sniper-Traders