INTRADAY Stock (Based on Candle stick pattern)

WEDNESAY 02-APR-2025

BPCL (closing @284.60)

Bullish candle formation in daily chart.Stock has formed support  around 282 followed by a bullish candle.Stock is around RSI 65  and closed above 20 EMA

Note: generally when a stock is Bullish candle formation then if it breaks and sustain above previous session High then leads to further same side move

generally when a stock is Bearish candle formation then if it breaks and sustain above previous session Low then leads to further same side move

 

While practicing Keep around 1% Target from Entry point and 1% SL to maintain risk management-Trail always to remain safe

(wait for the 5 min candle to close above/close below the given level then Observe)

 

CRUDEOIL APR FUT (closing @ 6118)

As per mathematical calculation Here is below values which can be Observed

 zone -  6150

 zone -  6090

While practicing Keep around 20 Points Target from Entry point and SL @ Closing Price 
(around closing value of previous day as mentioned) 
to maintain risk management-Trail always to remain safe
(wait for the 15 min candle to close above/close below the given level then Observe)

(Note:Only for Observation Learning purpose)

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Note:

CHECK THE MARKET DIRECTION BEFORE YOU TRADE

WE ARE NOT ADVISORY or TIPS PROVIDERS
we are not SEBI registered . you may consult your Financial advisor before taking trade.
Our views are based on candlestick charts,patterns,Mathematical based calculation ( pivot)
we are not responsible for any profit/loss as views are for Educational/Observation Purpose
Maintain your daily risk as per your capital and risk management. daily risk should not cross more than 2 % of your Total capital . managing your risk is important in any kind of trading . If you are in direction of Profit then Trail your SL . without SL no trade. 

If you are Trading in Equity : then you may use this calculation for risk management
If Daily Risk in Equity is Rs. 250 and SL is of 5 points ( from entry point to SL point)  then Qty should be taken as per this Risk: 250/5 = Qty 50