📊 Script: BPCL
📊 Nifty50 Stock: YES
📊 Sector: Refineries
📊 Industry: Refineries
Key highlights: 💡⚡
📈 Script is trading at its support level on weekly chart, keep an eye on stock we may see some good really from here.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 585
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new...
Symmetrical trial chart pattern is forming on one day chart of BPCL. After breakout, entry can be taken at 610. Target will be 645/685/725 and stop loss will be 590
Symmetrical trial chart pattern is forming on one day chart of BPCL. After breakout, entry can be taken at 610. Target will be 645/685/725 and stop loss will be 590
BPCL has been trading with good volumes on the bourses in recent months.
The 52W H/L being INR 484.60 / 314.10
It is consistently trading above its long-term Moving Average for the past 3 months
There is a positive divergence on the oscillators
It is standing right at the resistance level on higher time frames
Resultantly, I believe that the target price should be...
After completing a five-wave cycle followed by an ABC corrective pattern, BPCL appears poised for further upside momentum. With the completion of the 1% projection of the ABC pattern, the recent upward movement indicates potential for another bullish phase. Considering Elliott Wave theory, a retracement to the 0.6 Fibonacci level is expected, providing a favorable...
BPCL has been in an consolidation range fpr the past few years and a month ago has given a multi-year breakout.The relative strength for 65 and 123 days has crossed the zero line which shows that the stock is beter performing than the index. The risk present is that prior to the breakout stock has appreciated to around 50% which shows that it is a littile risky to...
Hello All,
The recommendations are purely for educational purpose only, consult you financial advisor before trading.
Targets are mentioned in charts (either red lines or balck lines), keep Stop Loss as per your risk..
If you like my Idea, Don't forget to Boost and comment on my Analysis..
Have a profitable year ahead
Gautam Khanna
Technical Analyst by Passion :-)
NSE:BPCL hourly chart is showing a nice head and shoulder (H&S) pattern. If the neckline is drawn connecting the close values of "neck" then the pattern has already broken down.
If this materializes then the technical target of the breakdown would be around 530/535, but there is a good support zone around 585 which might hold.
The view invalidates on daily...
BPCL currently is one of the best available value stocks in Indian Markets. The company has very healthy dividend yield as well. So, buying in cash market ensures the receipt of dividend as well.
Stock P/E - 3.98
Dividend Yield - 4.28 %
Sales Var 5Yrs % - 14.94%
ROCE 5Yr % - 15.59
Qualifies for a great stock to study at these levels in all the parameters.
Note:...
NSE:BPCL
One Can Enter Now !
Or Wait for Retest of the Trendline (BO) !
Or wait For better R:R ratio !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
BPCL Chart is showing a bullish trend, breaking its sturdy resistance level around 550 levels. . The risk-to-return ratio (RRR) for this exchange seems favorable, expected at 1:4, indicating a potentially high return investment scenario.
In percent terms the predicted return could be approximately 24%. Based on cautious evaluation of the stock's movement and...
