BPCL Symmetrical trial chart pattern is forming on one day chart of BPCL. After breakout, entry can be taken at 610. Target will be 645/685/725 and stop loss will be 590
BPCL trade ideas
BPCL Symmetrical trial chart pattern is forming on one day chart of BPCL. After breakout, entry can be taken at 610. Target will be 645/685/725 and stop loss will be 590
Long side opportunity in BPCLAfter completing a five-wave cycle followed by an ABC corrective pattern, BPCL appears poised for further upside momentum. With the completion of the 1% projection of the ABC pattern, the recent upward movement indicates potential for another bullish phase. Considering Elliott Wave theory, a retracement to the 0.6 Fibonacci level is expected, providing a favorable entry point. A recommended strategy would be to buy at the 0.6 Fibonacci retracement level, with a stop-loss set at the low of the C wave for risk management purposes.
BPCL H&S Pattern Break DownBPCL 1Hr Chart - Completed 5 Impulse wave then entered in correction with H&S pattern
A posible buying opprotunity in BPCLBPCL has been in an consolidation range fpr the past few years and a month ago has given a multi-year breakout.The relative strength for 65 and 123 days has crossed the zero line which shows that the stock is beter performing than the index. The risk present is that prior to the breakout stock has appreciated to around 50% which shows that it is a littile risky to enter now. It is ideal For participants having an time horizon of 1-3 months preferably
(Note: This is not an investment tip. Please do your own analysis and then make a decision.)
BPCL Sell on rise!!!Hello All,
The recommendations are purely for educational purpose only, consult you financial advisor before trading.
Targets are mentioned in charts (either red lines or balck lines), keep Stop Loss as per your risk..
If you like my Idea, Don't forget to Boost and comment on my Analysis..
Have a profitable year ahead
Gautam Khanna
Technical Analyst by Passion :-)
BPCLBPCL is looking good for swing. Trendline breakout is successful and and retested the zone. T1 is the first target. Keep an eye on it.
BPCL about to break down from H&S?NSE:BPCL hourly chart is showing a nice head and shoulder (H&S) pattern. If the neckline is drawn connecting the close values of "neck" then the pattern has already broken down.
If this materializes then the technical target of the breakdown would be around 530/535, but there is a good support zone around 585 which might hold.
The view invalidates on daily close above neckline.
BPCL Long callBPCL Chart is showing a bullish trend, breaking its sturdy resistance level around 550 levels. . The risk-to-return ratio (RRR) for this exchange seems favorable, expected at 1:4, indicating a potentially high return investment scenario.
In percent terms the predicted return could be approximately 24%. Based on cautious evaluation of the stock's movement and historic pattern . For a complete visual representation, I endorse relating to the chart, where you can have a look at the price actions. This chart will provide a clearer image of the bullish momentum and the capacity for vast profits inside the near term.
BPCL upside 9% possibleBPCL next rejection zone is around 533.15 and possibility around 10% upside possible
Chart of the week. BPCLLast week, BPCL has given breakout and closing above its all time high of 540 which was made in August 17. Now the stock is ready to up wards in a blue sky territory. This is one of the most dividend giving PSU. Company has been maintaining a healthy dividend payout of 57% (better than any bank FD's), hence its a worth of a trade.
Since it has hit its all time high and it gained 18% in last week, there is a higher probability of the stock taking resistance. I would recommend to accumulate this stock on each dip. If we get 2 consecutive weekly closing above this price, buy aggressively. If by luck you get this stock around 490 buy aggressively.
CMP - 558 (4/2/24)
T - 720, 1000
SL - 480 W
@BPCL Swing/short Trade Buy Above @ 471
SL Below @ 440
Target @ 486 ,@ 494 ,@ 513
If you want minimize risks After Entry put @SL at last Higher-Low(HL) or follow trend line as SL or Trailing-SL
Plz Note : This levels are only for Swing Trade & Disclaimer : All Information on this page is for educational purposes only , we are not SEBI Registered. Please consult a SEBI Registered financial advisor for your Financial matter before investing & taking any decision. We are not responsible for any profit/loss you made
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BPCL starts new impulse - Elliot wave BPCL recently started a new impulse after giving a correction on the long term chart in the form of a contracting triangle
Buy at current market price
Stoploss will be set at 435 (~15%)
Target will be set at 633 and then 800
Expecting the target to be reached in the next 3-4 months
BPCLBPCL is ready for another leg of rally as the breakout of the flag pole sustains.
Follow the blue levels for the respective targets and Trailing SL
BPCL Monthly Chart AnalysisBPCL Trading in A symmetrical triangle pattern from 2017 to 2024 and now trading near breakout zone.
Wait For Breakout of this symmetrical triangle pattern and take swing trade on positional basis.
Flag and pole patternBPCL has given a flag and pole breakout with good volume. Keep it in your watchlist as a good movement is expected
BPCL trendline beakout - ready for a 10% moveBPCL trendline beakout - ready for a 10% move
broke trendline resistance
looks will form ascending triangle
good volume seen,, reversal looks possible from current levels
20-30% upside in BPCL!!The complex correction to the wave i of 3 beginning from July 2023 has come to an end in the stock.
This should kick start the wave iii of 3 in the stock taking it to approx. 410-420 region in coming few months.
It should also be noted that the company swung into a consolidated net profit of Rs 8,501 crore in Q2 FY24, against a net loss of Rs 304 crore a year ago. The result was declared on 27th oct. 2023.
BPCL invert head and shoulder pattern- Fundamental good.
- Target available in drawing.
Note: Just sharing knowledge for education purpose only.
BPCL Ltd.*BPCL Ltd.*
P&F; Formation on Decadal Basis.
C&H; Formation on Weekly Basis.
C&H; Price Trendline BreakOut Sustained.
P&F; Mid Priceline Juncture. At Critical level of 410. Need to Sustain it. Then Good to Go!!!
RSI: 1HW>M. All in Bullish Zone.
Multiple Resistance
@420/455/472/484
/498/532/547
*Trail SL with Upside*
*Book Profit as per Risk Appetite*
Do Your Own Research as well. This is an Opinion.
Happy Investing 😇
BPCL📢Resistance broken stock📢
If stock price 399 this leval broken than bullish movement see in coming days!
These are swing ideas which you can add your watchlist and analysis for yourself !
Keep on your radar!
This content only education purpose!
❗I am not sebi ragister❗
