This is BPCL in 30min timeframe. As you guys can see it is travelling in a channel. There are high possibilities of it giving a breakdown in the coming trading sessions. Even nifty looks weak as it is approaching overbought zone. A correction in nifty will result in correction of the stocks as well. BPCL is one of the stocks that will correct if nifty corrects. You can keep an eye on BPCL and trade the breakdown. Happy Trading!
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.