BPCL Short
BPCL CMP 412.85
Resistance - 435, 545
Support - 370, 325 , 310
BPCL may give a news-based move tomorrow. Although stock already discounted earlier when Saudi Aramco declined to bid in the stock in its disinvestment, Govt closed the date for stake selling today and no major investor has shown any interest in bidding. We can again expect an immediate down-move tomorrow. 370 is a strong support level for the stock. A gap-down start is also expected. But stock has potential to show growth in long-term.
Resistance - 435, 545
Support - 370, 325 , 310
BPCL may give a news-based move tomorrow. Although stock already discounted earlier when Saudi Aramco declined to bid in the stock in its disinvestment, Govt closed the date for stake selling today and no major investor has shown any interest in bidding. We can again expect an immediate down-move tomorrow. 370 is a strong support level for the stock. A gap-down start is also expected. But stock has potential to show growth in long-term.
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