Today lets talk about BPCL. Lets first look the weekly chart. Chart indicates that the stock has strong support zone from 300 – 322. In Feb 2023, it took support and started going up. There is a triangular resistance line and small resistance zone between 351 – 356. Now as we can see the stock is trying to give breakout.
So, what to do. We can enter in this stock near price of 352 – 362. Keeping an SL at the final support zone, keep an eye on the target of 400. This is positional view. Happy Trading.
