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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.

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Mehul Kothari Mumbai

1 min read Last Updated : Dec 13 2022 | 8:33 AM IST

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

Topics : Market Outlook Market technicals Market trends Trading strategies stocks technical analysis technical charts Stock Recommendations BPCL Thomas Cook Stocks to buy

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