BPCL Bouncing off from Trendline
Updated
BPCL is bouncing off from its 1.5 year long trend line. It has bounced off from this trend line every time since Mar'2020 fall, thus forming and re-forming the support. Also, Daily chart is exhibiting RSI divergence as well.
We are bullish on this stock with 480 resistance zone as target.
We are bullish on this stock with 480 resistance zone as target.
Trade closed: target reached
Target of 480 reached. Now we are at year-long resistance. Best to assess the price action in the coming days before initiating further trades.
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