Running into a resistance/supply area.
BPCL has been moving sideways to down since last few months. The levels of 480 - 485 will be acting as resistance. We can notice a gap as well. The RSI is trapped into sideways range. The 480 - 485 levels needs to be broken off to re establish trend up, failing which the stock may still correct further,
Bharat Jhunjhunwala
MFTA,CMT,CFTe,MSTA
prorsi.com
MFTA,CMT,CFTe,MSTA
prorsi.com
Disclaimer
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.