BPCL trade ideas
start accumulating bpcl this coming week bpcl might change its trend as per to the past history. stay alert . reger chart.
BPCLBpcl approaching towards the gap .
Buy opportunity can be seen at the levels marked .
For swing trade .
Opportunity yet to be formed .
Keep track of it
BPCL long tradeBPCL is contracting at a value area, it has also grabbed the liquidity that was below the equal lows. It will be a very good trade for very short term with very good R:R.
BPCL ------- will it cross 500 ??Not able to cross 500
will re test the support levels plotted...
Happy trading...............
BPCL wave analysisBPCL is near the end of wave 2 double combination complex correction which started in 2017.powerful 3rd wave to start soon.
BPCL 1D time frame analysisThere are two conditions mention in chart, if it make good green candle we can initiate our buy.
If not we will wait for retesting lines,
BPCL Looking good for upsideHello Traders,
BPCL currently trading nearly 52 weeks high.still it has potential to go up, so we are publishing our analysis on BPCL.Triangle pattern has formed on chart.Price Action in looking good for upside.We can see 570/625 in next 6-8 month.It is looking good for mid term swing position.
Strategy::
Buy range:480-500
If price correct add more @ 440-455
SL: 415
Target:540/575/625
Consult your financial advisor before taking any action.
Educational purpose only.
BPCL about to hit life time highsNSE:BPCL is coming out of an ascending triangle.
CMP 489 is just about right to buy, with a stoploss of around 482. If it hits, wait for another attempt to break the 480 mark.
Target of 542 above which the stock can make all time high.
Board has declared a dividend of 58 per share awaiting approval at the AGM.
BPCLSL-460
#CLEANANDCLEARCHARTS
Wait for a closing above 481 on daily timeframe candle.
Easy trade maintain sl targets are mentioned on charts. If break above pattern then hold it for medium term.
Queries in comment section.
BPCL ::: BULLISHDATE: 18 MAY 2021
INSTRUMENT: BPCL
TREND: BUY
TIME FRAME: DAY
CMP: 448.45
BUY ABOVE: 453
STOP LOSS: 440
TGT 01: 470
TGT 02: -
DISCLAIMER:
We are not S E B I registered analysts. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.
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