BPCL
Simple Trade Setup | BPCL | 17-08-2021NSE: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 zone which is acting as a resistance since long time.
Please refer chart below: 1 hour time frame.
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Trade Setup for Date 17-08-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and target w.r.t price action working near that level tomorrow.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
BPCL Looking good for upsideHello Traders,
BPCL currently trading nearly 52 weeks high.still it has potential to go up, so we are publishing our analysis on BPCL.Triangle pattern has formed on chart.Price Action in looking good for upside.We can see 570/625 in next 6-8 month.It is looking good for mid term swing position.
Strategy::
Buy range:480-500
If price correct add more @ 440-455
SL: 415
Target:540/575/625
Consult your financial advisor before taking any action.
Educational purpose only.
BPCL ::: BULLISHDATE: 18 MAY 2021
INSTRUMENT: BPCL
TREND: BUY
TIME FRAME: DAY
CMP: 448.45
BUY ABOVE: 453
STOP LOSS: 440
TGT 01: 470
TGT 02: -
DISCLAIMER:
We are not S E B I registered analysts. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.
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BPCL FUTURE LOOKOUTBpcl has been in somewhat of an uptrend as of late. But for the third time since last july 2020 today again it failed to cross the levels of 481-482. If tomorrow it crosses and closes above 481 we can most likely see an upside till 510 or higher. The same way if it closes again in red with a decent body below todays lows it can be shorted with 482 as a stoploss. Reason to short would be a triple top and a negative rsi divergence.
BPCL- BULLISHDATE: 18 MAY 2021
INSTRUMENT: WIPRO
TREND: BUY
TIME FRAME: 3 hrs
CMP: 448.45
BUY ABOVE: 453
STOP LOSS: 440
TGT 01: 470
DISCLAIMER:
We are not S E B I registered analysts. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.
BPCL LONG INTRADAY 15 APR,2021Dear trader,
If u look at the chart of BPCL (analysis based intraday only) the BPCL Buy at 409 and Target at 417
Best Buy at 405
Our Best Buy is based on high quality research and when the instrument reaches this level , it’s a jackpot trade.
Best Buy level might be executed or might not be executed.
The chart clearly indicates Bullish Trend you can also see the candle stick patters for more indepth analysis.
In Intraday most important thing is to enter and exit points.
Our signals are based on analytics, algorithms, mathematical derivatives.
Always be a responsible trader, kindly trade only when you have maximum opportunity in the market with minimum risk and with keynotes like data, analysis and proper strategies.
Kindly message us for strategies and analysis.
BPCL : The Way Forward.As per the FIBONACCI RETRACEMNENTS, we are able to see the recovery in the prices and if they breach the key FIBONACCI Levels we can see a higher upside. 2 Target levels have been identified. Favourable StcchRSI, MACD, Fisher 9 and %R observed. Moreover, it has started making Higher Lows, and we have to spot for higher highs now.
Disclaimer:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.