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By EquityPandit

BPCLMARKET OUTLOOKSTOCK OUTLOOK

BPCL Outlook for the Week (March 18, 2024 – March 22, 2024)

BPCL
BPCL
BPCL closed the previous week on a negative note losing 12.48%.

Technically, BPCL share price will see immediate support at 550.73 and immediate resistance would be seen at 630.43.

If BPCL share price closes below immediate support of 550.73, then sharp breakdown can be seen. BPCL share price will see major support at 515.02 for the week.

700.00700.00680.00680.00660.00660.00640.00640.00620.00620.00600.00600.00580.00580.00560.00560.00540.00540.00Feb 5Feb 5Feb 8Feb 8Feb 13Feb 13Feb 16Feb 16Feb 21Feb 21Feb 26Feb 26Feb 29Feb 29Mar 4Mar 4Mar 7Mar 7Mar 13Mar 13Reversal Level 605.87BuyBuySellSellSell

On the positive side, immediate resistance will be seen at 630.43. Closing above 630.43, BPCL share price will see a sharp breakout. Major resistance for BPCL share price will be seen at 674.42 for the week.

Trading range for BPCL share price for this week should be between 471.03 on down side and 710.13 on up side.

BPCL Previous Week High: 638.7

BPCL Previous Week Low: 559

BPCL Previous Week Range: 79.7 Points

BPCL share price support and resistance for the week (March 18, 2024 – March 22, 2024)

Level Type Value
Resistance 3 710.13
Resistance 2 674.42
Resistance 1 630.43
Support 1 550.73
Support 2 515.02
Support 3 471.03
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