Dear trader, If u look at the chart of BPCL (analysis based intraday only) the NIFTY support at 430 and and resistance at 445 The chart clearly indicates BPCL has come out of a triangle giving breakout on weekly chart ,you can also see the candle stick patters for more in depth analysis. In Intraday most important thing is to enter and exit points. Our...
Mostly long opportunity..less profitable short opportunity
Triangle breakout Harmonics in place RSI gaining strength Give that RSI level breakout and we are looking for 480 and 525 Sl is 395
BPCL's price action has been in the range of 360 to 410 for the past 4 months and it has made the level of 400 as strong support. The stock is expected to show an up move to the levels of 470+ in coming weeks subject to the fact that it breaks the supply zone of 428-434 which has been acting a strong resistance for the stock. Buy - CMP or ~411 (if it experiences...
This analysis is done purely on basis of price action and chart patterns. The analysis is done on weekly TF hence it can take couple of days to couple of weeks/months to reach the target. As one can see that the price has been forming a symmetrical triangle pattern for quite some time. And now the price has been consolidating in a narrow range. looking at the...
Trading in a Symmetrical Triangle , Rejected by the overhead trendline . Currently on a minor zone. It has also formed a channel in the major Triangle structure . Looking to BUY if the triangle is broken & retested .Looking to SELL if the below minor zone is broken and retested .
Watchout for BPCL breakout on either side. The breakout will be huge. I'm not SEBI registered analyst. Please do your own research before taking any position. Thank you.
BPCL has retested the breakout levels. Various confrmations.
buy above 408 1st target-424 educational purpose only
This analysis is purely based on price action and Chart Patterns. The analysis is on 30min TF hence target can be achieved in intraday trade or in couple of days. Trade logic with SL and Target is explained in image itself. Daily TF chart of BPCL is attached below. check the triangle formation on bigger TF as well. Don't chase the price. Always plan your...
Looking bullish for more.