A rally from here likely!

BPCL CMP 273.60

Fib- the stock has taken support above the first fib confluence above 268/689. A weekly close above it is a confirmation. In my view it will retrace minimum to 306 which is the 38.2% of the fall which is a good 12% from CMP. The stop has to be below 258.
Chart PatternsTechnical IndicatorsTrend Analysis

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