rk10

BPCL - Breakout Candidate

Long
BSE:BPCL   BHARAT PETROLEUM CORPORATION L
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A prime target of the govt for disinvestment. Announced a massive dividend as well.
Everything is in place for the company to soon be sold to a private player.
The price keeps making higher lows and also has a C&H pattern.

Long above 485.
SL below 465.
First target 510 and then 550.

Also worth noting is those who buy the stock will be eligible for almost Rs 58 in dividend. (Tax plan accordingly)

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