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!
At critical support. Seems to be on path of reversal. Nearing Elections and Crude price pressure is reducing its profit critically. Get ready to buy for long term.
BPCL Taking previous support and 50% support. Previous support is marked.
BPCL is currently at a perfect previous support zone and trying to stay above this zone. As the trend seems negative, It will break the support zone soon. This stock should only take long entries once it passes the 360 zone and sustains above it.
Support breakdown in BPCL and currently it is retesting the support that it broke as resistance. TP- 350
Inverted Head and shoulder pattern has been formed on BPCL Breakout of the neckline will result in a Bullish Movement. Expected Targets are: TP1 - 366.15 TP2 - 370.90
BPCL good stock for Picking, week only below 350 pick for good return
Your views on this ?? Anyone Bharat Petroleum Corporation Limited (BPCL) is an Indian public sector undertaking under the ownership of the Ministry of Petroleum and Natural Gas, Government of India. It operates three refineries in Bina, Kochi and Mumbai. Only for educational purposes.
bpcl 1w time frame target @ 407.55, 414.90, 418.40 ascending triangle breakout risk reward 1.5 its just a view trade @ your own risk sl@364
On the chart we can see a rising wedge. Our strategy is entering the short once the price breaks below the downsloping support line. Approx. target is shown on the chart.
Tweezer Top formed on weekly chart in BPCL Predicts bearish reversal in the stock
BPCL breakout has just begin. Check the details. for educational purposes only.
There is a ascending triangle forming in 1D time frame in BPCL, Once the breakout the SL could be placed at 353
This stock is travelling within the Wedge, now its time to reach higher end of the Wedge, once it breaks out of wedge then open blue sky
A clear triangle pattern formed in weekly chart possible a uptrend
A breakout and close above 375 could lead to continuation of trend. The target is considered to be equal to the length of the pole. So it should be able to reach 400.
As per pattern the chart of BPCL is ready to fly high🚀🚀, once it will cross 375 then the 1st target will be 450 or there is psychological resistance also and 2nd target will be 470-480 and there is a major resistance at 480. However SL will be 320-330 around, As it is my personal view/analysis not a buy recommendation.