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21-05-2024 11:14 AM | Source: Religare Broking Ltd
Stock of the day : Bharat Petroleum Corporation Ltd For Target Rs.655 - Religare Broking

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Bharat Petroleum Corporation Ltd.

* BPCL has been trading in a corrective phase after forming the record high levels of 688.

* It is currently trading near the upper neckline of the corrective pattern while holding above all its key moving averages.

* Following price action and volumes activity we believe price is set to register a breakout and surpass its previous swing high.

* Traders can consider fresh longs in the mentioned range.

Buy Bharat Petroleum Corporation Ltd. CMP 629.00 Range 628-630 SL 610; Target 655

 

 

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