finvestar

Long on BPCL for Medium Term: Breakout from Range

Long
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NSE:BPCL   BHARAT PETROL CORP
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.
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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