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inteliigentrader

Neutral on BPCL

BHARAT PETROL CORP (NSE:BPCL)  
inteliigentrader Updated   
NSE:BPCL   BHARAT PETROL CORP
Trend Analysis Chart Patterns Beyond Technical Analysis BPCL neutral priceaction IDEA ideas Coronavirus (COVID-19) Oil Crude Oil Brent
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trendanalysis chartpattern beyondta bpcl neutral priceaction idea ideas coronavirus oil ukoil
BPCL can move either side.
Chart analysis shows it has broken the support zone and should head down towards 360 levels
But privatisation and fall in crude oil price can push the price up.
Due to coronavirus, the market is mostly based on the news rather than technical.
Upside target of 503
Trade active:
Downside target reached
If Monday, 16th March, is positive for BPCL, then buy for the target of 500
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