BPCL is back to retest it's trendline breakout levels. There is cloud support at 345Levels along with new bottom trendline support. Hence 345-355 looks like an excellent buying zone. One can go long in BPCL @ 345-355 levels with stop of 330 and target of 380-400++.
(Safe traders can keep a tight stop of 340 and can book partial profits @ 370 levels.)
Bharat Petroleum Corp. Ltd. (BPCL) : Looks good to LONG @ 403.55
STOPLOSS : 392.55
TARGETS : 407.55 - 412.65 - 417.70 - 422.85
DISCLAIMER : I am not SEBI Registered.
This #view is for study purpose.
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NR4/Inside bar pattern emerging. Prices taking support close to 20 period VWMA. Prices may make a good rally today/ tomorrow if the level of 385.60 is taken out. Stop 379.80. The really can extend to 396 level overall.