vipulmehta817

BPCL Bouncing off from Trendline

vipulmehta817 Pro Updated   
NSE:BPCL   BHARAT PETROL CORP
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.
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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