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By EquityPandit

BPCLMARKET OUTLOOKSTOCK OUTLOOK

BPCL Outlook for the Week (August 21, 2023 – August 25, 2023)

BPCL
BPCL
BPCL closed the previous week on a negative note losing 2.82%.

Technically, BPCL share price will see immediate support at 348.97 and immediate resistance would be seen at 359.17.

If BPCL share price closes below immediate support of 348.97, then sharp breakdown can be seen. BPCL share price will see major support at 345.03 for the week.

400.00400.00395.00395.00390.00390.00385.00385.00380.00380.00375.00375.00370.00370.00365.00365.00360.00360.00355.00355.00350.00350.00Jul 7Jul 7Jul 12Jul 12Jul 17Jul 17Jul 20Jul 20Jul 25Jul 25Jul 28Jul 28Aug 2Aug 2Aug 7Aug 7Aug 10Aug 10Aug 16Aug 16Reversal Level 362.45BuySellSell

On the positive side, immediate resistance will be seen at 359.17. Closing above 359.17, BPCL share price will see a sharp breakout. Major resistance for BPCL share price will be seen at 365.43 for the week.

Trading range for BPCL share price for this week should be between 338.77 on down side and 369.37 on up side.

BPCL Previous Week High: 361.5

BPCL Previous Week Low: 351.3

BPCL Previous Week Range: 10.2 Points

BPCL share price support and resistance for the week (August 21, 2023 – August 25, 2023)

Level Type Value
Resistance 3 369.37
Resistance 2 365.43
Resistance 1 359.17
Support 1 348.97
Support 2 345.03
Support 3 338.77

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