Business Standard

Here's why Mehul Kothari is bullish on BPCL, Thomas Cook

According to the technical analyst from Anand Rathi, BPCL can rally to Rs 365; while Thomas Cook can jump to Rs 88.

Markets, bulls, bears, stocks, trading, technicals, market technical, technical analysis
Web Exclusive Premium

Mehul Kothari Mumbai
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

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in