BP PLC Technical Analysis, Trade Signals and Tips

BP PLC Technical Analysis

BP PLC Technical Analysis: Weekly Chart

In the weekly charts, BP PLC is trading in an up channel. BP PLC is currently trading above all SMA.

RSI is in over bought zone which indicates mild bearishness. MACD is currently above zero which indicates bullishness.

Its immediate support is 408.95 & the resistance level is at 430.71.

BP PLC will trade in the up channel until there is trend reversal.

BP PLC Technical Analysis: Daily Chart

In the daily charts, BP PLC is trading in an up channel. BP PLC is currently trading above all SMA.

RSI is in buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.

Its immediate support is 420.16 & the resistance level is at 430.74.

BP PLC will trade in the up channel until there is trend reversal.   

How to Trade BP PLC this Week:

BP PLC will follow the uptrend until their trend reversal. So, remain bullish on BP PLC.

TRADE SUGGESTION- BUY AT 424.96, TAKE PROFIT AT 430.74 AND STOP LOSS AT 420.16

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