BPCL, HPCL, IOC can rally up to 10% from here. Check key levels to track

These stocks can gather steam provided crude prices soften and the government policies remain supportive. Here are the key levels one needs to monitor for these stocks.

On Tuesday, shares of Indian Oil Corporation and Bharat Petroleum Corporation have hit a new 52-week high, while Hindustan Petroleum Corporation is on the track to achieve the same. The fall comes on the back of easing crude oil prices (Brent), which have slipped around 4 per cent in the last one month to around $72 a barrel now.

So far this year, Indian Oil Corporation has gained the most rising 20 per cent, while Hindustan Petroleum Corporation and Bharat Petroleum Corporation soared 16 per cent and 13 per cent, respectively.

Here’s the technical outlook of these OMC’s amid fall