BPCL trade ideas
BPCL : The Way Forward.As per the FIBONACCI RETRACEMNENTS, we are able to see the recovery in the prices and if they breach the key FIBONACCI Levels we can see a higher upside. 2 Target levels have been identified. Favourable StcchRSI, MACD, Fisher 9 and %R observed. Moreover, it has started making Higher Lows, and we have to spot for higher highs now.
Disclaimer:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
BPCL - Buying OpportunityBPCL trend reversal and buying opportunity
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BPCL : Waiting for a breakoutCurrently BPCL is trading inside a descending channel and near it's support zone in the channel as well as near it's buying zone. We need to wait for two confirmations, first one is it should take support from it's buying zone as well as it should also give a upward breakout from the channel. You can start buying the stock once both the condition satisfies.
BPCL - Channel BrokenStock take short position if and when it traces back to channel and take rejection. or short below the support line.
Disclaimer :- Kindly do you own research before taking any position. Market is all about probability, maintain you SL stickily.
BPCL : Sustain Above Channel or channel rejectionChart and data says it may take rejection at channel end. Take position only if sustains above channel or be prepared to take short position.
Disclaimer :- Kindly do you own research before taking any position. Market is all about probability, maintain you SL stickily.
BPCL - Enter after the breakout Good for Positional Traders. Enter after the breakout or buy and hold.
Symatic pattern and if price close above 481 the longSymatic pattern and if price close above 481 the long
