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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.
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
