BPCL Long Trade Setup: 3:1 Risk/Reward Reversal Play
Analysis
BPCL has shown a potential reversal after a significant downtrend, with a clear break of structure and liquidation of sell-side liquidity. The chart marks a key Fair Value Gap (FVG) entry zone, aligning with a bullish momentum confirmation and a strong recovery from recent lows.
Trade Parameters:
• Entry: After confirmation from FVG/volume imbalance area
• Stop Loss: ₹306 (below recent swing low for risk protection)
• Take Profit: ₹360 (targeting next key resistance zone)
• Risk/Reward Ratio: 3:1
Disclaimer
This idea is for educational purposes only and does not constitute financial advice. Trading involves risk—always do your own research and consult with a professional advisor before making trading decisions. Past performance is not indicative of future results.
Trade closed: target reached
Note
Lets close it, 350 is a good level for tp
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.