BPCL - Watch for a bounce
One of the last left PSU's which might get disinvested in FY22 after Concor was pushed forward.
Multiple supports at CMP.. 1) LT Trendline support 2) Fibo Support 3) 20WEMA Support
Often stocks take support at spaces where there are multiple supports..
SO watch for a potential bounce here.
There is also a high dividend whose date still has to be disclosed.
SL can be low risk for short term traders around 440 and for position traders slightly below the 200EMA which is 430.
Multiple supports at CMP.. 1) LT Trendline support 2) Fibo Support 3) 20WEMA Support
Often stocks take support at spaces where there are multiple supports..
SO watch for a potential bounce here.
There is also a high dividend whose date still has to be disclosed.
SL can be low risk for short term traders around 440 and for position traders slightly below the 200EMA which is 430.
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