BPCL – Trendline Support Holding Strong

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On the daily chart, BPCL has once again respected its trendline support around the ₹309–310 zone, showing buying interest at lower levels. The stock has bounced back and is currently trading near ₹323.

Price Action Insight: A decisive bounce from support indicates that bulls are actively defending this level.

Upside Potential: Immediate target lies near ₹330+ if momentum sustains.

Options Data: The BPCL 325 CE (28th Aug 2025) witnessed strong buying interest with a gain of +17% today, confirming traders’ confidence in a short-term upward move.

🔑 Key Levels to Watch:

Support: ₹309

Resistance: ₹330 / ₹335

A sustained move above ₹330 may open the path for further upside, while a break below ₹309 could shift sentiment.

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