“BPCL Weekly Trade Plan: CPR Breakout Targets & Stoploss Levels at ₹347”

 

BPCL Weekly Trade Plan

Current market price of BPCL is ~ ₹347 (as you mentioned). We are looking for a potential breakout of the CPR (Central Pivot Range) and planning a trade for this week accordingly.

Assumption

If BPCL manages to convincingly break and **hold above the CPR zone** (with good volume & momentum), then we target a bullish breakout scenario. If it fails or breaks downwards, there will be a bearish risk too.

Key Levels & Trade Setup

Entry Zone	Above ~ ₹350 (after confirmed breakout & close above zone)
Immediate Support	~ ₹330–₹335 (zone to watch for failure or stop trigger)
Stop‑Loss (SL)	₹325 (on daily close basis if trade is triggered)
Target 1	₹370
Target 2 (Aggressive)	₹390–₹400

Rationale

• Technical screens show a possible breakout scenario listed for BPCL. :contentReference[oaicite:1]{index=1}
• Support/resistance levels for the week (from a recent outlook) place resistance ~ ₹347.52 and support ~ ₹330.33 for the period. :contentReference[oaicite:2]{index=2}
• If breakout holds, price has room to move toward the next supply/resistance cluster around ₹370+ based on chart structure.
• Conversely, if it fails to hold above support, there is risk of pull‑back toward ₹325 or lower, hence the stop‑loss defined.

Trade Management & Tips

• Wait for a **daily close above the breakout zone** (₹350+) with **increased volume** before entering.
• Keep the stop‑loss strict: if price closes below ₹325 on daily basis, exit the trade.
• Partial profit taking: consider booking some profit near Target 1 (₹370) and trailing stop for the remainder toward Target 2.
• Monitor broader market & sectoral cues (oil‑&‑gas, energy refiners) as BPCL is sensitive to crude, regulatory & policy events.
• Adjust position size to risk only a small % of your capital (e.g., 1‑2 % of trading capital) given the volatility.

Summary

If BPCL breaks out convincingly above ~₹350 and sustains, then our bullish targets of ~₹370 and ~₹390‑₹400 become feasible. However, if the breakout fails or price closes below support around ~₹330‑₹335 (especially below ₹325), the trade setup becomes invalid and we should cut losses promptly.

Wishing you disciplined trading and strict risk management!