BPCL holds above key support; Q1 results may spark bounce
BPCL trades below 50- & 100-day EMAs but above long-term support at ₹292. Analyst Deepak Pal flags strong fundamentals backed by ₹30,000 crore subsidies, refining gains, and renewables push. A move above ₹324-₹325 could confirm bullishness. Q1 results on Aug 13 may trigger a rally toward ₹375-₹400.