Long on BPCL for Medium Term: Breakout from Range
Updated
BPCL broke out on monthly chart after 8 years of consolidation.
Market Sentiment is very bullish.
- A play on Green Hydrogen and Compressed Bio Gas.
- Attractive Valuation
- OMCs are rallying.
Market Sentiment is very bullish.
- A play on Green Hydrogen and Compressed Bio Gas.
- Attractive Valuation
- OMCs are rallying.
Trade closed manually
Displayed Weak operating performance and reduction in Gross margins in Q1 FY25 results. Recommended to exit immediately based on fundamentals. There are better stocks in this sector at present.
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