Neutral on BPCL

10 มี.ค. 2020

BPCL can move either side.
Chart analysis shows it has broken the support zone and should head down towards 360 levels
But privatisation and fall in crude oil price can push the price up.
Due to coronavirus, the market is mostly based on the news rather than technical.
Upside target of 503

13 มี.ค. 2020

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Downside target reached
If Monday, 16th March, is positive for BPCL, then buy for the target of 500