After a solid run in the last few years the OMCs have finally taken a little break.
With rising crude over the last few months they are back at support levels. Will the support levels hold or break?
It could be a good risk-reward set up to buy close to supports for a bounce and reverse to short if breaks the supports.
IOC – 370-380 support
HPCL – 390-400 important supports.
BPCL – Important supports at 490.
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