BPCL train reaches next station

In just 2 days, BPCL hit 774 today from 730 and is so far behaving as I have expected. My 2 month target of 802 may be achieved sonner than expected.

On Mon, Nov 1, 2010 at 11:54 AM, POWERFULPICKS wrote:

Market is firm today and hence as I said, BPCL moved to its 50 day SMA of 751...can even go up to 762 in a few days..those who had asked me, should feel happy now.

On Fri, Oct 29, 2010 at 4:03 PM, powerfulpicks wrote:

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.