descending channel pattern*This idea is for learning motive only, if you want to trade then trade with your own risk, proper money and risk management.
BPCL trade ideas
Bpcl formed double bottomBpcl is in downtrend from some months and that down trend came near to crucial support
if tomorrow is gap down it will fill remaining gap otherwise tomorrow is gap up it will go up movement
to the resistance volumes also increased so this will be the active stock for tomorrow
all the best guys NSE:BPCL
BPCLBPCL is head & shoulder chart pattern breakout wait for entry about of confirmation candle.
This channel is for only educational purpose. Any Profit/loss, I am not responsible.
Script :- Bharat Petroleum Corporation Ltd
Sector: Refineries
Industry: Refineries
BPCL sell for intraday tradingBPCL sell for intraday trading if stock break the given support level ..........
Head & shoulder in BPCL. BPCL has formed a head and shoulder pattern on a daily time frame.
The stock had closed just near the neck line and if the level is crossed a nice target of 315 can be achieved in intraday trade.
The stock is trading below 20 and 200 DMA and on the hourly time frame, there is a bearish moving averages cross over.
Confirmation for the trade:-
1. Head & shoulder
2. Bearish cross over (hourly time frame)
3. Closed below 20 and 200 ema (daily time frame
Only enter the trade if a 60 minute candle closes below 320-320.5 price level.
Targets :- 315, 307
Stop loss :- 325
Wait for a clear enter in the trade and for a price action near the levels. A intraday and even a swing trade can be initiated in this stock.
BPCL Buy for intraday tradingBPCL Buy for intraday trading if stock break the given resistance level then we will buy the stock.........
BPCL Sell for intraday tradingBPCL Sell for intraday trading if stock break the given support level..........
BPCL Long IdeaThe stock has corrected a lot. For some time now it has been in a consolidation phase. Looking for a good up move from here
BPCL sell for intraday tradingBPCL sell for intraday trading if stock break the given support level.............
BPCLBPCL cmp 338
a Self speaking chart
as long as bpcl holds 320
it looks wave iv is completed and started its upmove ....
Upisde tgt would be 600 from here....
Vedang!!!
Chart is for study purpose only
BPCL Sell for intraday tradingBPCL Sell for intraday trading if stock break the given support level..........
BPCL good for swing BPCL GOOD FOR SWING TRADING
This stock is support the moving average 44 and trendline so it is a good stock to buy
Buy = 334
stop los= 222
1st target =342
2nd target= 367
***WAIT FOR BIG TARGETS**** after trendline breakout
BIG TARGETS ======== 1st 390 .............2nd 450
BPCL breakout expectation above 335BPCL breakout expectation above 335
Follow strict risk reward and stop loss...
BPCL at Channel support Technical analysis at 335
OI at 340 once crossed will test upper levels of 350
BPCL - 1H Analysis of 21-08-2022BPCL Has Strong Support since March @ 330 , Recently its approaching to move towards that support also as a retest. once it arrived then we will wait for bullish Candle for confirmation. And then we can take a good Long Trade.
BPCL Breakout with Vol.BPCL has clearly given Breakout of Symmetrical Triangle Pattern and ready for next target. RRR is 1:1.
One can trail SL for further move.
This information is purely for educational purpose, don't make any buying or selling decision based on it. NSE:BPCL
Triangle Pattern Breakout in 1 DTF//BPCL>The good ACCENDING Triangle Pattern formed which ended up with strong green candle!
>The pattern took 3 supports at the bottom and 3 resistances at the top!
>12 AUG close is strong both 1 DTF & 1 WTF.
>In WTF it closed as a Hammer Candle , It is heading to break 20 DMA!
>Once it breaks 20 DMA then 50 DMA is the immediate target in WTF, the MTF is also looking bullish by the way.
>Stop-Loss is fine under the green bullish candle in 1 DTF and wait for the 20 DMA break and take the positions accordingly.
Hope the stock blast!
BPCL Positional Short IdeaBPCL is taking resistance near previous swing. It has been observed that big players are making short position around this area. if one negative candle appears on next trading day and closes below 335.40. It would be sell signal.
Classic Chart Pattern.BPCL looks good to go long. Target would be the upper channel's headline & SL below the lower trendline.
BPCL Buy for intraday tradingBPCL Buy for intraday trading if stock break the given resistance level then we will enter in trade..........
