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By EquityPandit

BPCLMARKET OUTLOOKSTOCK OUTLOOK

BPCL Outlook for the Week (August 28, 2023 – September 01, 2023)

BPCL
BPCL
BPCL closed the previous week on a negative note losing 3.00%.

Technically, BPCL share price will see immediate support at 344.70 and immediate resistance would be seen at 355.35.

If BPCL share price closes below immediate support of 344.70, then sharp breakdown can be seen. BPCL share price will see major support at 339.15 for the week.

400.00400.00390.00390.00380.00380.00370.00370.00360.00360.00350.00350.00340.00340.00Jul 14Jul 14Jul 19Jul 19Jul 24Jul 24Jul 27Jul 27Aug 1Aug 1Aug 4Aug 4Aug 9Aug 9Aug 14Aug 14Aug 18Aug 18Aug 23Aug 23Reversal Level 353.70BuySell

On the positive side, immediate resistance will be seen at 355.35. Closing above 355.35, BPCL share price will see a sharp breakout. Major resistance for BPCL share price will be seen at 360.45 for the week.

Trading range for BPCL share price for this week should be between 334.05 on down side and 366.00 on up side.

BPCL Previous Week High: 354.9

BPCL Previous Week Low: 344.25

BPCL Previous Week Range: 10.65 Points

BPCL share price support and resistance for the week (August 28, 2023 – September 01, 2023)

Level Type Value
Resistance 3 366.00
Resistance 2 360.45
Resistance 1 355.35
Support 1 344.70
Support 2 339.15
Support 3 334.05

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