BPCL 28.07.2018 03:00PM

Bharat petroleum Corp ltd stock technical chart in daily time frame has taken the formation of “Falling wedge” pattern. As the last session’s been bullish in trendending up near the channel’s resistance slope line, where the same expected to continue once the market breaks above a key resistance zone near 400. Such a break will increase the possibility of the contract rallying towards 410-420 in the upcoming sessions. Although an alternative scenario indicates that if the resistance holds too strong, then it might retest the same and revise to bearish momentum.A pushback from those level can drag the contract towards 380-360 levels. Key support holds at 360.

Technical Chart:

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