Receive up-to-the-minute news updates on the hottest topics with NewsHub. Install now.

Buy BPCL, target Rs 308: Hadrien Mendonca

2 November, 2018 6:05 AM
85 0
Buy BPCL, target Rs 308: Hadrien Mendonca

A break above Rs 286 would lead to a double bottom pattern as well which would further accentuate our bullish stance on BPCL, says Hadrien Mendonca of IIFL.

Bharat Petroleum Corporation (BPCL)Â has broken out from a Symmetrical Triangle pattern on the daily chart. It has also simultaneously broken out from a falling channel pattern on the smaller time frame chart.

Further, a break above Rs 286 would lead to a double bottom pattern as well which would further accentuate our bullish stance on BPCL.

Source: moneycontrol.com

Share in social networks:

Comments - 0