BPCL Stock Analysis & Monday Trade Plan (March 11, 2025)

Technical Observations (Based on the Chart)

Resistance Zone:

BPCL is currently facing resistance in the 260-265 range, marked by multiple past rejections.
There are multiple sell signals appearing, indicating potential resistance.

Support Levels:

• Immediate support at 256.50.
  
• Stronger support at 248.80.
  
• Major demand zone around 241.50.
  

Indicator Analysis (RSI & Moving Average):
RSI at 62.05, showing strength but cooling off from overbought levels.
RSI Orange moving average (likely 50-period) is sloping upwards, indicating bullish momentum.

Price Action:

• BPCL has made a strong rally from 235 to 260 and is now consolidating.
  
• If it breaks above 262, further upside is possible.
  
• If it breaks below 256.50, a retracement toward 248-241 is likely.
  

Trade Plan for Monday (March 11, 2025)
Bullish Trade (Breakout Strategy)

• Entry: Buy above 262 (previous high).
  
• Target 1: 265-268.
  
• Target 2: 275 (next major resistance).
  
• Stop Loss: 258 (below minor support).
  

Bearish Trade (Rejection & Breakdown Strategy)

• Entry: Sell below 256.50 (confirmation of weakness).
  
• Target 1: 250.
  
• Target 2: 242 (major demand zone).
  
• Stop Loss: 260.50 (above resistance).
  

Final Thoughts:
BPCL is at resistance, so a breakout above 262 is needed for bullish confirmation.
A breakdown below 256.50 can trigger a correction toward 250-242.
Monitor market sentiment & volume for confirmation.