 "Here's why Mehul Kothari is bullish on BPCL, Thomas Cook")
BUY
BPCL
Buy Near: Rs 345
TARGET: Rs 365
Stop Loss: Rs 334
Most of the OMCs have been doing well since many weeks and in Monday's session they all had a breakout. BPCL just confirmed a fresh breakout from an inverse head and shoulder pattern which has a faster right shoulder. The price action indicates that the buyers are in a position to dominate from here on.
Also Read
Thus, we advise traders to buy the stock on dips near Rs 345 with a strict stop of Rs 334.
BUY
Thomas Cook
Buy Near: Rs 82
Target: Rs 88
Stop Loss: Rs 79
Thomas Cook has confirmed a price breakout above Rs 82 mark. The pattern resembles bullish Cup and Handle along with breakout in RSI. The stock has cleared previous quarter's high.
Hence, we advise traders to buy the stock near Rs 82 with a strict stop of Rs 79.
(Mehul Kothari - AVP – Technical Research, Anand Rathi Shares & Stock Brokers. Views are personal).
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%