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By EquityPandit

BPCLMARKET OUTLOOKSTOCK OUTLOOK

BPCL Outlook for the Week (February 26, 2024 – March 01, 2024)

BPCL
BPCL
BPCL closed the previous week on a negative note losing 8.53%.

Technically, BPCL share price will see immediate support at 596.58 and immediate resistance would be seen at 653.58.

If BPCL share price closes below immediate support of 596.58, then sharp breakdown can be seen. BPCL share price will see major support at 575.22 for the week.

700.00700.00650.00650.00600.00600.00550.00550.00500.00500.00450.00450.00Jan 12Jan 12Jan 17Jan 17Jan 20Jan 20Jan 25Jan 25Jan 31Jan 31Feb 5Feb 5Feb 8Feb 8Feb 13Feb 13Feb 16Feb 16Feb 21Feb 21Reversal Level 649.24BuyBuyBuySellSellSell

On the positive side, immediate resistance will be seen at 653.58. Closing above 653.58, BPCL share price will see a sharp breakout. Major resistance for BPCL share price will be seen at 689.22 for the week.

Trading range for BPCL share price for this week should be between 539.58 on down side and 710.58 on up side.

BPCL Previous Week High: 667.85

BPCL Previous Week Low: 610.85

BPCL Previous Week Range: 57 Points

BPCL share price support and resistance for the week (February 26, 2024 – March 01, 2024)

Level Type Value
Resistance 3 710.58
Resistance 2 689.22
Resistance 1 653.58
Support 1 596.58
Support 2 575.22
Support 3 539.58
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