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abinash97
Aug 26, 2021 9:17 AM

BPCL - Breakout Long

BHARAT PETROL CORPNSE

Description

BPCL looks strong from positional trade entry at cmp 469. range breakout with 4 bottoms at support zone.
Comments
nareshshenoy123
What will be the target price post privatization ?
abinash97
@nareshshenoy123, Not sure about the privatization part. According to price action and technical analysis i can say 500 and 540 are two targets as of now in the next few weeks/months time.
nareshshenoy123
@abinash97,
Personally I feel post privatization it will reach 700, would be grt to have in portfolio. Also 58 rps dividend is excellent. What say?
Any idea on Shipping corp?
abinash97
@nareshshenoy123, i wil check on shipping corp and update. BPCL is a good hold in that sense. But my idea was shared in terms of swing trade with short to medium to short term holding. Cheers.:)
nareshshenoy123
@abinash97,
Post privatization SCI will reach +250. 6- 9 months ka game ke.
Cheers friend. 👍
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