BPCL

🔍 Research Analyst View – BPCL By CA Atin Agrawal (SEBI Reg. No. INH000020785 Stock: Bharat Petroleum Corporation Ltd. (BPCL) CMP: ₹355.60 View: Profit Booking Zone Identified 📌 BPCL has entered a technical resistance zone of ₹360–₹377, where profit booking is advisable for short- to medium-term traders. The stock has seen a strong rally from sub-₹320 levels, supported by crude stability and positive sentiment around PSU reforms. Key Resistance: ₹377 Fibonacci Retracement Resistance: Near ₹375 (61.8% level from prior swing) Momentum: RSI nearing overbought territory 💼 Recommendation: Short-term traders may look to book partial profits between ₹360–₹370. ⚠️ Key Risks: Delay in strategic disinvestment Volatility in crude oil and forex markets Broader PSU underperformance in case of policy reversal 📝 Disclosure: I, CA Atin Agrawal, do not have any financial interest in BPCL as on the date of this view. This is not an investment recommendation but a market-based view as per SEBI RA regulations. Investors should consult their advisor based on personal risk profiles.