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By EquityPandit

BPCLMARKET OUTLOOKSTOCK OUTLOOK

BPCL Outlook for the Week (December 11, 2023 – December 15, 2023)

BPCL
BPCL
BPCL closed the previous week on a negative note losing 7.98%.

Technically, BPCL share price will see immediate support at 448.80 and immediate resistance would be seen at 487.30.

If BPCL share price closes below immediate support of 448.80, then sharp breakdown can be seen. BPCL share price will see major support at 427.15 for the week.

500.00500.00480.00480.00460.00460.00440.00440.00420.00420.00400.00400.00380.00380.00360.00360.00340.00340.00320.00320.00Oct 27Oct 27Nov 1Nov 1Nov 6Nov 6Nov 9Nov 9Nov 13Nov 13Nov 17Nov 17Nov 22Nov 22Nov 28Nov 28Dec 1Dec 1Dec 6Dec 6Reversal Level 463.29BuyBuySell

On the positive side, immediate resistance will be seen at 487.30. Closing above 487.30, BPCL share price will see a sharp breakout. Major resistance for BPCL share price will be seen at 504.15 for the week.

Trading range for BPCL share price for this week should be between 410.30 on down side and 525.80 on up side.

BPCL Previous Week High: 482.5

BPCL Previous Week Low: 444

BPCL Previous Week Range: 38.5 Points

BPCL share price support and resistance for the week (December 11, 2023 – December 15, 2023)

Level Type Value
Resistance 3 525.80
Resistance 2 504.15
Resistance 1 487.30
Support 1 448.80
Support 2 427.15
Support 3 410.30
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