Let’s do technical analysis of BPCL stock. In its weekly chart, we can see that its all time support zone is somewhere between 300 – 322. It hit that support, immediately bounced from there, took support on it and now planning to goo up. The next visible target for short term of 3-6 months is 400. So where is the entry point?
Now lets see its daily chart. Any time when it crosses the zone of 350 – 355, we can enter. Or you may enter now with 50% quantity and enter rest of the 50% either if it falls back on support or if it crosses 355 mark (Positional View). Happy Trading
