BPCL has been trading with good volumes on the bourses in recent months.
The 52W H/L being INR 484.60 / 314.10
It is consistently trading above its long-term Moving Average for the past 3 months
There is a positive divergence on the oscillators
It is standing right at the resistance level on higher time frames
Resultantly, I believe that the target price should be INR 545-555
Stop Loss should be INR 457.00
Risk to Reward will be 1:3
The time horizon should be 9-12 months
Trade active
Trade active
Awesome ! This is the only word I can write here for this trade.
Trade active
Consider subscribing to my YouTube channel for more insights
Trade active
BPCLbpclanalysisbpcl_bullishbpclbuybpclchartbpcllevelsbpcllongbpcltargetbpcltradingChart PatternsTechnical IndicatorsTrend Analysis

Disclaimer