BPCL – Break Of Structure & Order-block Retest | Bearish Setup
📊 BPCL (1H) –
After a prolonged sideways move inside a Rectangle pattern, BPCL has shown a clear Break of Structure (BOS) to the downside. This indicates that buyers lost control and sellers are currently dominant.
🔎 Key Observations
Rectangle Range: Price was consolidating between ₹330 – ₹308 for several sessions.
BOS Confirmation: Breakdown occurred below ₹310, validating a bearish bias.
Orderblock Retest: Price is now retracing back to the supply zone (₹310–₹315). This zone overlaps with the last bullish candles before the breakdown, making it a high-probability rejection area.
Volume Profile: Noticeable increase in volume during the breakdown, which further supports bearish strength.
📉 Trading Plan
Entry Zone: Current Market price 308
Stop Loss: Close above 315
Targets:
T1: ₹300 (psychological round level)
T2: ₹292
T3: ₹285 (major support level)
⚠️ Risk Management
Always manage position sizing. The stop loss is tight compared to potential reward, giving a favorable Risk:Reward ratio of ~1:3.
📌 Invalidation:
If BPCL sustains above ₹315 with strong bullish candles, the bearish setup is invalid, and we may again see consolidation or reversal.
After a prolonged sideways move inside a Rectangle pattern, BPCL has shown a clear Break of Structure (BOS) to the downside. This indicates that buyers lost control and sellers are currently dominant.
🔎 Key Observations
Rectangle Range: Price was consolidating between ₹330 – ₹308 for several sessions.
BOS Confirmation: Breakdown occurred below ₹310, validating a bearish bias.
Orderblock Retest: Price is now retracing back to the supply zone (₹310–₹315). This zone overlaps with the last bullish candles before the breakdown, making it a high-probability rejection area.
Volume Profile: Noticeable increase in volume during the breakdown, which further supports bearish strength.
📉 Trading Plan
Entry Zone: Current Market price 308
Stop Loss: Close above 315
Targets:
T1: ₹300 (psychological round level)
T2: ₹292
T3: ₹285 (major support level)
⚠️ Risk Management
Always manage position sizing. The stop loss is tight compared to potential reward, giving a favorable Risk:Reward ratio of ~1:3.
📌 Invalidation:
If BPCL sustains above ₹315 with strong bullish candles, the bearish setup is invalid, and we may again see consolidation or reversal.
交易結束：達到停損點
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