Some of you requested a technical review of the BPCL script. BPCL is professionally managed and a fundamentally good stock to own for the long term.
At current price of 730, BPCL is critically poised to move in either direction. If markets remain over the next 2 weeks, BPCL can move towards its 50-day SMA of 751; 2 month target is 802. However, if markets remain volatile and weak, BPCL can ease below its 50-day EMA of 727. Once below 727, BPCL can slide quickly to 706 and if it breaches 700, can correct to levels of 676.
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