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BPCL Looking week Sell at current levels??

Discussion in 'Chart of the Week' started by chethankrc, Jun 19, 2014.

  1. chethankrc

    chethankrc Active Member

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    Hi All,

    BPCL broken key Support levels 580 and 570 Rs and closed at 564 with good volume.

    Can we expect target : 530 Rs
    with SL 590

    Friends pls share your views

    Thanks in advance
     
    Last edited: Jun 19, 2014
    chethankrc, Jun 19, 2014
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  2. praveenbkec

    praveenbkec Member

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    due to iraq crisis, there is a possibility of increasing in fuel prices, better to wait for some more time.
     
    praveenbkec, Jun 19, 2014
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  3. chethankrc

    chethankrc Active Member

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    Thanks praveen.
    Yes you are right.
    We need to wait see tomorrow still this weakness continues..
     
    chethankrc, Jun 19, 2014
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  4. shabbir

    shabbir Administrator Staff Member

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    Shorting if it breaks 550
     
    shabbir, Jun 20, 2014
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