----30 min chart----
For short term traders it's a big question is it a break, or price will fall down?
Answer is if price cross 323.5 level it will be conform that the stock is going for up-trend after breaking the down trend and make a new channel.
According to the data, BPCL is at the top.
The current value is around 322 and previously it was around 310!
The offered rate is greater than the bid rate.
Government has raised excise duty on petrol overall! And taxes are now around 70%. And the petrol rate is going with 61%. And OMCs gains extended fall
the month of May, it might fall around 270.
BPCL is moving to its strongest support territory. And it has given a very good closing on Wed-Thu. And it says minimum sell. It's bullish and there should be a gap today itself. BUY is less, in summary, oscillators as well as moving averages.
And like always, loved your work today.
Do you know blind man always trust on his stick ?like that your analisys is my stick . I love to see your analisys . You are a ray of inspiration .I never thought I can make good profits ! But I am sure now I am capable to make profits.
I am glad , very very thank you for analisys.i hope it will break major R. And we can find new high. For long position !!