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Channel Breakout in BPCL

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BHARAT PETROL CORP (NSE:BPCL)  
nirmalmishra  
NSE:BPCL   BHARAT PETROL CORP
Trend Analysis channelbreak
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trendanalysis channelbreak
BPCL has given breakout on daily chart. BPCl was in downtrend since January 2018 and now it has broken its long term resistance trend line. Expecting a good up move. Lower crude oil prices will give the required thrust for cruising towards 390 or higher. Now this resistance trend line will acts as good support.


Disclaimer : This is for education purpose only


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