The short-term outlook is bullish for Bharat Petroleum Company (BPCL). Quick-term merchants can go lengthy on this inventory. BPCL share worth has been rising constantly during the last week. The current rise has taken the inventory effectively above the ₹360-365 resistance zone. This area now act as resistance-turned-support and can restrict the draw back. A fall past ₹360 appears to be like unlikely now.
Transferring common cross overs on the chart strengthens the bullish case. BPCL share worth can rise to ₹390-395 over the subsequent two to 3 weeks. Merchants can go lengthy now. Accumulate on dips at ₹367. Preserve the stop-loss at ₹358. Path the stop-loss as much as ₹378 as quickly because the inventory strikes as much as ₹382. Transfer the stop-loss additional as much as ₹385 when the value touches ₹388. Exit the lengthy positions at ₹393.
(Notice: The suggestions are primarily based on technical evaluation. There’s threat of loss in buying and selling.)
#Inventory #purchase #right this moment #Bharat #Petroleum #Company #BUY