NSE:BPCL
NSE:BPCL1!
BSE:BPCL
BSE:BPCL1!
BPCL - The Elliott wave count seems to indicate a bearish market trend.
It's best to avoid buying during a second wave of movement, as a fall is possible.
For education purposes only!
After down trend, BPCL is now in accumulation phase. Bulls are showing aggressiveness on chart. May be it revers again from here inside box.
but what if it breakout box pattern :). Can we see uptrend back ?
What's your view? My view, i will wait for Box pattern breakout before entering and keep eye on this stock. Best for Swing trading if you know price...
I am expecting a reversal on NSE:BPCL . As per my analysis, best level to take entry is 310 (have to wait for levels to come).
My targets will be 318, 338 & 365.
Can exit if price trade below level of 295 (Stop Loss 295).
Note: This is my personal analysis, only for learning. Thanks.
BPCL has formed a head and shoulder pattern on a daily time frame.
The stock had closed just near the neck line and if the level is crossed a nice target of 315 can be achieved in intraday trade.
The stock is trading below 20 and 200 DMA and on the hourly time frame, there is a bearish moving averages cross over.
Confirmation for the trade:-
1. Head &...
The stock has crested a good base at the level range of 330 levels.
As you can see the stock has taken support around this area and moved upwards.
It reached a high of 503 levels before crumbling to huge selling pressures.
The stock is trying to make its way back to the top.
I have presented my views on the chart with levels that can help you take your...
NSE:BPCL
Observations:
1) On Daily Time frame it looks trading in the range 445-465.
2) On Daily Time frame it looks like it is forming tripple bottom or may form tripple top pattern.
3) On Daily Time Frame it took support from 21DMA and closed above 50DMA
Please refer Chart below: daily time frame.
4) On 1hour time frame stock closed in the critical...
As 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...
