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By EquityPandit

BPCLMARKET OUTLOOKSTOCK OUTLOOK

BPCL Outlook for the Week (February 19, 2024 – February 23, 2024)

BPCL
BPCL
BPCL closed the previous week on a negative note losing 15.64%.

Technically, BPCL share price will see immediate support at 593.98 and immediate resistance would be seen at 701.58.

If BPCL share price closes below immediate support of 593.98, then sharp breakdown can be seen. BPCL share price will see major support at 533.37 for the week.

700.00700.00650.00650.00600.00600.00550.00550.00500.00500.00450.00450.00400.00400.00Jan 5Jan 5Jan 10Jan 10Jan 15Jan 15Jan 18Jan 18Jan 23Jan 23Jan 29Jan 29Feb 1Feb 1Feb 6Feb 6Feb 9Feb 9Feb 14Feb 14Reversal Level 640.08BuyBuyBuySellSell

On the positive side, immediate resistance will be seen at 701.58. Closing above 701.58, BPCL share price will see a sharp breakout. Major resistance for BPCL share price will be seen at 748.57 for the week.

Trading range for BPCL share price for this week should be between 486.38 on down side and 809.18 on up side.

BPCL Previous Week High: 687.95

BPCL Previous Week Low: 580.35

BPCL Previous Week Range: 107.6 Points

BPCL share price support and resistance for the week (February 19, 2024 – February 23, 2024)

Level Type Value
Resistance 3 809.18
Resistance 2 748.57
Resistance 1 701.58
Support 1 593.98
Support 2 533.37
Support 3 486.38
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