BPCL - Double bottom on support, trendline breakout
Budget Pick 2: BPCL
Fundamentals : Decent, YOY Sales growth, decrease in Profits as high expenses due to crude price, DII stakes increased significantly. Healthy Dividends!
Technicals : Corrected, Formed double bottom at Strong Support in Wedge. 50 DMA crossing 200, Attractive RR!
R1: 360
R2: 400
R3: 460
SL: 285
Fundamentals : Decent, YOY Sales growth, decrease in Profits as high expenses due to crude price, DII stakes increased significantly. Healthy Dividends!
Technicals : Corrected, Formed double bottom at Strong Support in Wedge. 50 DMA crossing 200, Attractive RR!
R1: 360
R2: 400
R3: 460
SL: 285
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