Positional traders can buy the stock on dips at around Rs 400-403 with a stop loss below Rs 387 (closing) for the target of Rs 438.
Moneycontrol News
Abhishek Mondal
After making a marginal consolidation, BPCL has given a breakout above Rs 400-403 levels on Monday with moderate volumes. The daily Relative strength index (RSI) is making the higher bottom and higher top and MACD is trading with a positive crossover whereas (+) DI trading above (-) DI, which indicates that the stock has the potential to move higher.
Positional traders can buy the stock on dips at around Rs 400-403 with a stop loss below Rs 387 (closing) for the target of Rs 438.
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