BPCL Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - stock moving up from strong support and is also on bulls, will find next resistance around 717. (Updated on 29th August 2014, Friday).

BPCL

• As per previous report published on BPCL stock showed sharp up move after breaking its golden ratio resistance @ 613.50 and stock still on bull run as so far made a high around 696. (Click here to see previous report published on BPCL).
• Now daily chart indicates that stock has made a bullish breakout as closed above it major top and is now on bull run, currently BPCL is moving up from its major support (its previous resistance which is now acting as a support for BPCL). As long as it holds above its support zone , bulls will be active. Once starts trading below then BPCL will show first sign of weakness. Close Watch.
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• As per graph no2, BPCL is moving up from its 50 DMA, by looking at graph technical indicates that 50 DMA is playing an important role in BPCL, so as long as stock trades above it will be favored by bulls. Weakness expecting once BPCL closes below 50 DMA. Even stock major trend indicator MACD and stochastic oscillator is moving in a positive zone as shown in graph no2. , so as long as they are moving in positive zone bulls will be favored in BPCL.
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• As per graph no3, Stock has recently closed above its minor resistance, @ 694,  And now on upper side will find next resistance around 717 its 161.8% fibonacci retracement.
• Intraday free Stock tips - Close watch if BPCL starts trading above 700 with volumes during market hours then intraday bulls action is expecting.
• Click here to see all the free trading reports (tips) published by us on BPCL.
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