2024-07-18 10:17:51 am | Source: Religare Broking
Stock of the day : Bharat Petroleum Ltd For Target Rs. 334 - Religare Broking
Bharat Petroleum Ltd.
* We are seeing a renewed buying interest among the oil marketing companies and BPCL is leading from the front.
* The stock has been consolidating for over a month above its medium term moving average. Today’s price action suggest the stock to breakout of this range and soar higher.
* It has registered a breakout from double bottom pattern on intraday chart, aiding the positive bias.
* Traders can consider fresh longs in the mentioned range.
Buy Bharat Petroleum Ltd CMP 315.95 Range 314-316 SL 306 Target 334
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