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Buy Bharat Petroleum Corporation on dips, target Rs 465: Stewart & Mackertich

11 April, 2018 2:42 AM
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Buy Bharat Petroleum Corporation on dips, target Rs 465: Stewart & Mackertich

"Finishing off the session above the 30 daily EMA placed around Rs 440 levels coupled with rising RSI while +DI –DI bullish crossover is seen makes the bull case even stronger," says Jaydeb Dey of Stewart & Mackertich Wealth Management.

For the second consecutive session Bharat Petroleum Corporation (BPCL) ended above the downward trend line breakout. Finishing off the session above the 30 daily EMA placed around Rs 440 levels coupled with rising RSI while +DI –DI bullish crossover is seen makes the bull case even stronger.

Based on the above mentioned observations, BPCL as a buy on dips for the short-term upside target of Rs 465.

Source: moneycontrol.com

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