BPCL | 1D 📊
BPCL is consolidating near key support (350–352) after a sharp correction.
Above 360, pullback towards 368–378 possible; below 350 may invite further downside.
⚠️ Trade with strict risk management.
BPCL is consolidating near key support (350–352) after a sharp correction.
Above 360, pullback towards 368–378 possible; below 350 may invite further downside.
⚠️ Trade with strict risk management.
Trade active
BPCL FUTURES | Daily Chart | Technical View 📊BPCL has seen a sharp correction from recent highs and is now consolidating near demand zone.
🔹 Support: 350–352 zone (critical)
🔹 Immediate Resistance: 360
🔹 Major Resistance: 368–378 (20 SMA & supply zone)
📉 Price is below 20 SMA, indicating short-term weakness.
📊 RSI ~41 suggests bearish momentum but nearing stabilization.
✅ Bullish case: Sustained move above 360 may lead to pullback towards 368–378
❌ Bearish risk: Breakdown below 350 can extend downside.
⚠️ Trade with strict risk management.
📌 For educational & technical analysis purpose only. Not a recommendation.
Related publications
Disclaimer
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.
Related publications
Disclaimer
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.