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By EquityPandit

BPCLMARKET OUTLOOKSTOCK OUTLOOK

BPCL Outlook for the Week (January 22, 2024 – January 26, 2024)

BPCL
BPCL
BPCL closed the previous week on a negative note losing 6.05%.

Technically, BPCL share price will see immediate support at 462.73 and immediate resistance would be seen at 492.08.

If BPCL share price closes below immediate support of 462.73, then sharp breakdown can be seen. BPCL share price will see major support at 444.52 for the week.

490.00490.00480.00480.00470.00470.00460.00460.00450.00450.00440.00440.00430.00430.00Dec 8Dec 8Dec 13Dec 13Dec 18Dec 18Dec 21Dec 21Dec 27Dec 27Jan 1Jan 1Jan 4Jan 4Jan 9Jan 9Jan 12Jan 12Jan 17Jan 17Reversal Level 467.20BuyBuySellSell

On the positive side, immediate resistance will be seen at 492.08. Closing above 492.08, BPCL share price will see a sharp breakout. Major resistance for BPCL share price will be seen at 503.22 for the week.

Trading range for BPCL share price for this week should be between 433.38 on down side and 521.43 on up side.

BPCL Previous Week High: 485

BPCL Previous Week Low: 455.65

BPCL Previous Week Range: 29.35 Points

BPCL share price support and resistance for the week (January 22, 2024 – January 26, 2024)

Level Type Value
Resistance 3 521.43
Resistance 2 503.22
Resistance 1 492.08
Support 1 462.73
Support 2 444.52
Support 3 433.38
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