we are looking all time chart of BPCL.
After the price rallied upwards, the price consolidated into a zone where it gapped down to find the region acting as a resistance. The longer-term support line being tested, the price is likely to go long and take roof on the zone's support at 341. Long Position Target 1: 334 Target 2: 341 SL: 318 (Careful at being stopped out!) Thank you for reading,...
we don't need to make prediction, wherever price will go we are behind the price and we will follow price action.
BPCL (Bharat Petroleum Corp Ltd) SELL BELOW 484
BPCL (Bharat Petroleum Corp Ltd) BUY ABOVE 548
BPCL (Bharat Petroleum Corp Ltd) SELL BELOW 505
BPCL (Bharat Petroleum Corp Ltd) BUY ABOVE 525
BPCL (Bharat Petroleum Corp Ltd) SELL BELOW 517
TRADE IS VALID ONLY IF IT CLOSES ABOVE THE PRESCRIBED LEVEL Option buying trades should not run for a very long time It should have that momentum move SO that the option price does not melts I TAKE TRAININGS ON OPTIONS BUYING STRATEGY AND EXCLUSIVE INTRADAY STRATEGY DO CONTACT ME IF YOU ARE INTERESTED: readingcharts9@gmail.com
NSE:BPCL Intraday Correction expected in this. May fill the gap which has been ctreated today morning. We may go short on this with SLTP around 512 and Target 480.
earlier idea BEAR BELOW--340 BULLS ABOVE-400 now BPCL is ranging and formed symmetrical triangle can trade or add more on breakout of long side till say above 340 if breakdown then go for short
BPCL trading in channel Buy near bottom channel RSI also bottomed BEAR BELOW--340 BULLS ABOVE-400 CAN INITIATE BUY ABOVE 357 WITH SL OF 340 FOR TARGET OF 375-400
BPCL BUY IDEA FOR 387 TARGET BUY IN DEEP FOR CONFIRM TARGET
Bharat Petroleum Corporation Ltd (CMP 367.35) is showing negative divergence along with a double top pattern on daily chart. Downside targets can be 355/340/335/320 on positional basis. Stop loss can be kept at 380 on closing basis or at 385 on intraday basis. BPCL may turn very weak below 350. Risk is all yours.
There is correction and price action will go up According to elliott wave theory. Consider to check it out