BPCL has formed head and shoulder pattern in daily charts, technical indicates it moved up from its strong support zone i.e 200 days moving average and trend line support zone at indicate in above stock market chart.
Currently BPCL is finding strong neckline resistance at current levels, this indicates once stock closes and holds above then bulls will be favored and further price rise can be seen in BPCL, weakness expecting if failed to holds above its neckline.
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