Triangle Breakout + INHS pattern I can see triangle pattern BO & INVERTED Head and shoulder pattern in D frame
if volume surge we can see good movements
CMP 403
SL 370
Target 435,465 +
BPCL trade ideas
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My sincere thanks to my Masters trading panthulu, day trader Telugu and Nayan pokharkar.
BPCL - Breakout failedBPCL faced strong rejection while breaking out on 7th December.
But the strange thing here is that for such a strong first 1hr candle today, volume was significantly low. I suspect operators might have played part here, trapping all bullish retailers.
Might possibe that this will fall now to grab SLs of trapped bulls or it may again touch its resistance zone and will continue downward.
Long - BPCL - Parallel channel within the Parallel channelHi Folks,
BPCL daily chart has two patterns inside a big pattern. Inside big parallel channel, there is a smaller parallel channel near breakout point. And also, there is a Cup and handle pattern not the clean one, but it is there.
Looks good for long
Enter only if it breaks 405 or 415 level
Strict stop loss of 371
I hope you will benefit from this knowledge
-MetaVish
BPCL - A long Play is unfolding# BPCL
# A complex Long setup (May get unfold)
# Respecting Pitchfork (Means probability is upside move)
# Red Boxes (A) = (B) - Historically Spike Zone
# Contra trade near 380 (Go long) and SAR
# Long as near as 380 (SL - 1 - 2%)
# Can be played through Options
BPCL new Target Rs. 500++Looks like BPCL is moving ahead in wave 4, and will touch pivot point of wave 5 very soon. If invested now can give 30% return. Check the chart and comment for suggestions.
We are also waiting for good disinvestment news that can even cross Rs. 500 target mark
What are we talking about?
BPCL target price Rs. 500
Wave 4 of Wave 5 started
RSI is gaining strength
BPCLBPCL previously stock had reversed from a bearish bat pattern around 481 ,bat targets have been met yesterday on 25/09/2020 at 365 levels.
now wait for support levels to buy at 346-336 levels for 398/440/481.
follow for more updates
BPCL LONGBpcl has broken the fibonacci resistance level, it can be bought for a tgt of 667,680 with a of 650 for Positional trades
BPCL at support level with the 50 moving average Consider as a intraday trade for tomorrow..if NIFTY takes a bull move can cause to a massive resistance break out
BPCL Heyy!! BPCL is a stock more dependent on price of crude oil so better trade consciously now it looks in downtrend if it will not break 350. #learner
