Double Bottom Formation in BPCL

Updated
BPCL currently is one of the best available value stocks in Indian Markets. The company has very healthy dividend yield as well. So, buying in cash market ensures the receipt of dividend as well.

Stock P/E - 3.98
Dividend Yield - 4.28 %
Sales Var 5Yrs % - 14.94%
ROCE 5Yr % - 15.59

Qualifies for a great stock to study at these levels in all the parameters.
Note: The studies shared are for educational purpose only. Do your own research before taking any monetary position.
Note
The target has been achieved handsomely.
Trade closed: target reached
Target achieved. The stock has split after that.
Chart PatternsFundamental Analysis

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