BPCL is expected to give break-out soon.The above chart is weekly charts and couple of week back with low volume BPCL tried to broke but couldnt. So it might just do it next time. Besides,Govt.'s indication not to rationalized or reduce the prices of fuel should give backing to the logic that oil mkting companies would have post good result in third querter.
Ravi Pathak
Saturday, December 17, 2005
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