I've made a purchase at around 1.25% of my capital. There's a potential upward move of approximately 22% to reach the top of the ascending channel. However, if the price experiences a sharp decline, I plan to add to my position at the next potential buying level, which is at the bottom of the ascending channel.
According to a Moody's report, high crude oil prices...
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
Prepare to Witness of the breakout and grab opportunity as BPCL formed Symmetrical triangle pattern
Buy near 353 - 355 Range
Sl below 350
Target Can achieve up to 360 / 365 / 372 ++
within 2 - Weeks
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!
This idea Only for Educational knowledge & learning not provide any trading tips, before Trade Advice your Financial Advisor, I am not responsible Any profit and loss.
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.
This idea Only for Educational knowledge & learning not provide any trading tips, before Trade Advice your Financial Advisor, I am not responsible Any profit and loss.
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.
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
Supportive Evidences and clues for long
a) Mr.14 set up
b) Triangle breakout with volume
c) super vwap and super trend set up
d) pole and flag set up
e) Renko and Rainbow long
f) weekly breakout
SL compulsory
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.
