BPCL trade ideas
BPCLAs you can see in this chart BPCL is moving in ascending triangle pattern in 2 h time frame & its is also moving in down channel in 15 mint time frame and it already broke the channel so we can enter around 430-434 range stop-loss will pe 427.75 and TGT can be around 454-456 or if bpcl will brek 428 then we can go short with the TGT od 401.
Trend line and Channel BreakoutStock Analysis: BPCL has broken the trend line as long as it is not closing below demand zone expected target are marked on the chart. Let's see.
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BPCL_A VALUE TRADE OPPORTUNITYBPCL looks good on chart. This might give breakout soon..
We can expect a good return from here.
(For educational purpose only)
BPCL long. BPCL giving you a good opportunity. a very good trade setup in BPCL
CMp- 434
TARGET- 585-490
STOPLOSS- 414
TIME PERIOD- BY MAY 2021
BPCL LONG INTRADAY 15 APR,2021Dear trader,
If u look at the chart of BPCL (analysis based intraday only) the BPCL Buy at 409 and Target at 417
Best Buy at 405
Our Best Buy is based on high quality research and when the instrument reaches this level , it’s a jackpot trade.
Best Buy level might be executed or might not be executed.
The chart clearly indicates Bullish Trend you can also see the candle stick patters for more indepth analysis.
In Intraday most important thing is to enter and exit points.
Our signals are based on analytics, algorithms, mathematical derivatives.
Always be a responsible trader, kindly trade only when you have maximum opportunity in the market with minimum risk and with keynotes like data, analysis and proper strategies.
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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.
