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
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
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.
Traders, If you liked this idea, hit the like button and write in the comment section.
This is only for educational purposes.
BPCL | LONG TRADEHey guys,
BPCL has a very good setup right now. It seems to be forming a bearish bat with the second impulse wave in the formation.
This trade has an RR Ratio of 6.82. So that pretty much is a very good number to give in.
Sell in the red region and buy back lower at the 0.382 retracement.