BPCL is trading around 323, showing signs of strength after breaking out from a falling trendline. The stock has been consolidating and is now retesting the important resistance zone of 325. Sustaining above this level could open the way for further upside towards higher resistance zones.
🔑 Key Levels:
✅ Support: 318 / 310
✅ Resistance: 325 / 334 / 342
✅ Trend: Recovering from downtrend, moving into consolidation-to-bullish phase
📈 The breakout from the downtrend line indicates reduced selling pressure and renewed buying interest. A strong close above 325 with volume confirmation could trigger momentum towards the next resistances.
⚠️ This analysis is for educational purpose only, not a buy recommendation.
🔑 Key Levels:
✅ Support: 318 / 310
✅ Resistance: 325 / 334 / 342
✅ Trend: Recovering from downtrend, moving into consolidation-to-bullish phase
📈 The breakout from the downtrend line indicates reduced selling pressure and renewed buying interest. A strong close above 325 with volume confirmation could trigger momentum towards the next resistances.
⚠️ This analysis is for educational purpose only, not a buy recommendation.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.