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By EquityPandit

BPCLMARKET OUTLOOKSTOCK OUTLOOK

BPCL Outlook for the Week (February 12, 2024 – February 16, 2024)

BPCL
BPCL
BPCL closed the previous week on a negative note losing 12.32%.

Technically, BPCL share price will see immediate support at 569.12 and immediate resistance would be seen at 647.42.

If BPCL share price closes below immediate support of 569.12, then sharp breakdown can be seen. BPCL share price will see major support at 523.93 for the week.

640.00640.00620.00620.00600.00600.00580.00580.00560.00560.00540.00540.00520.00520.00500.00500.00480.00480.00460.00460.00440.00440.00Dec 29Dec 29Jan 3Jan 3Jan 8Jan 8Jan 11Jan 11Jan 16Jan 16Jan 19Jan 19Jan 24Jan 24Jan 30Jan 30Feb 2Feb 2Feb 7Feb 7Reversal Level 595.09BuyBuySellSell

On the positive side, immediate resistance will be seen at 647.42. Closing above 647.42, BPCL share price will see a sharp breakout. Major resistance for BPCL share price will be seen at 680.53 for the week.

Trading range for BPCL share price for this week should be between 490.82 on down side and 725.72 on up side.

BPCL Previous Week High: 635.35

BPCL Previous Week Low: 557.05

BPCL Previous Week Range: 78.3 Points

BPCL share price support and resistance for the week (February 12, 2024 – February 16, 2024)

Level Type Value
Resistance 3 725.72
Resistance 2 680.53
Resistance 1 647.42
Support 1 569.12
Support 2 523.93
Support 3 490.82
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