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By EquityPandit

BPCLMARKET OUTLOOKSTOCK OUTLOOK

BPCL Outlook for the Week (January 29, 2024 – February 02, 2024)

BPCL
BPCL
BPCL closed the previous week on a negative note losing 5.81%.

Technically, BPCL share price will see immediate support at 460.17 and immediate resistance would be seen at 488.57.

If BPCL share price closes below immediate support of 460.17, then sharp breakdown can be seen. BPCL share price will see major support at 445.93 for the week.

490.00490.00480.00480.00470.00470.00460.00460.00450.00450.00440.00440.00430.00430.00Dec 14Dec 14Dec 19Dec 19Dec 22Dec 22Dec 28Dec 28Jan 2Jan 2Jan 5Jan 5Jan 10Jan 10Jan 15Jan 15Jan 18Jan 18Jan 23Jan 23Reversal Level 484.61BuyBuySellSell

On the positive side, immediate resistance will be seen at 488.57. Closing above 488.57, BPCL share price will see a sharp breakout. Major resistance for BPCL share price will be seen at 502.73 for the week.

Trading range for BPCL share price for this week should be between 431.77 on down side and 516.97 on up side.

BPCL Previous Week High: 488.5

BPCL Previous Week Low: 460.1

BPCL Previous Week Range: 28.4 Points

BPCL share price support and resistance for the week (January 29, 2024 – February 02, 2024)

Level Type Value
Resistance 3 516.97
Resistance 2 502.73
Resistance 1 488.57
Support 1 460.17
Support 2 445.93
Support 3 431.77
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{"buy_point":[{"en_ltd":"2024-01-16","en_sup_p_91":"462.20","en_sup_t_91":"458.64","prev_close":"459.95","en_close":"472.85","new_date":"Jan 16","prev_close_no":459},{"en_ltd":"2023-12-27","en_sup_p_91":"453.80","en_sup_t_91":"440.86","prev_close":"451.60","en_close":"454.70","new_date":"Dec 27","prev_close_no":451}],"sell_point":[{"en_ltd":"2024-01-23","en_sup_p_91":"471.38","en_sup_t_91":"487.79","prev_close":"483.10","en_close":"463.05","new_date":"Jan 23","prev_close_no":483},{"en_ltd":"2023-12-29","en_sup_p_91":"450.79","en_sup_t_91":"465.90","prev_close":"465.80","en_close":"450.65","new_date":"Dec 29","prev_close_no":465}]}

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