BPCL trade ideas
BPCL SWING TECHNICAL ANALYSISAs per the Technical Analysis Chart Pattern, BPCL SWING TRADING view.
The potential bullish trend with the upside of 368 as the first target from the breakout of 355. We can follow the strict Stop Loss of 344. It is only Buy Above the resistance of level of 355.
380 can be taken as a second target.
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This is only for educational purposes.
Bullish Harmonics in BPCLMultiple patterns are forming in BPCL, we can trade around 348-346 with SL of 339 for Intraday gains else we can wait for 318-313 with SL 291.8 for positional long term.
BPCL Long Build UpBPCL Strong LongBuild up
A lot of accumulation is already done in the stock.
Buy on cost around 415-417
SL 394
Tgt is open
But being of the safe side partial Profits can be booked around 450/470/470+
BPCLITS AGAIN NEARING ITS LEVELS OF 397, KEEP AN EYE ON THIS, IF IT BREACHES 397 AND SUSTAINS
THEN IT HAS A GOOD JOURNEY TILL 375
ELSE IT MAY REVERSE TO 403, 413 AND 423
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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BPCLAscending triangle forming, Support at 403 to 397 region. Wait for break out.
Target 1 - 445
Target 2 - 479
Disclaimer:
Target 1 is always the easiest to achieve, Target two can take time.
These are my idea, please do your own technical analysis and enter at you own risks.
