BPCL : Waiting for a breakout

30 Mar 2021

Currently BPCL is trading inside a descending channel and near it's support zone in the channel as well as near it's buying zone. We need to wait for two confirmations, first one is it should take support from it's buying zone as well as it should also give a upward breakout from the channel. You can start buying the stock once both the condition satisfies.