Channel Breakout in BPCL
BPCL has given breakout on daily chart. BPCl was in downtrend since January 2018 and now it has broken its long term resistance trend line. Expecting a good up move. Lower crude oil prices will give the required thrust for cruising towards 390 or higher. Now this resistance trend line will acts as good support.
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Disclaimer : This is for education purpose only
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.