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By EquityPandit

BPCLMARKET OUTLOOKSTOCK OUTLOOK

BPCL Outlook for the Week (February 05, 2024 – February 09, 2024)

BPCL
BPCL
BPCL closed the previous week on a negative note losing 17.99%.

Technically, BPCL share price will see immediate support at 494.37 and immediate resistance would be seen at 597.37.

If BPCL share price closes below immediate support of 494.37, then sharp breakdown can be seen. BPCL share price will see major support at 430.38 for the week.

580.00580.00560.00560.00540.00540.00520.00520.00500.00500.00480.00480.00460.00460.00440.00440.00420.00420.00Dec 21Dec 21Dec 27Dec 27Jan 1Jan 1Jan 4Jan 4Jan 9Jan 9Jan 12Jan 12Jan 17Jan 17Jan 20Jan 20Jan 25Jan 25Jan 31Jan 31Reversal Level 522.25BuyBuyBuySellSell

On the positive side, immediate resistance will be seen at 597.37. Closing above 597.37, BPCL share price will see a sharp breakout. Major resistance for BPCL share price will be seen at 636.38 for the week.

Trading range for BPCL share price for this week should be between 391.37 on down side and 700.37 on up side.

BPCL Previous Week High: 572.4

BPCL Previous Week Low: 469.4

BPCL Previous Week Range: 103 Points

BPCL share price support and resistance for the week (February 05, 2024 – February 09, 2024)

Level Type Value
Resistance 3 700.37
Resistance 2 636.38
Resistance 1 597.37
Support 1 494.37
Support 2 430.38
Support 3 391.37
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