BPL has broken its support level
K Seshadri
MAY 2: BPL has broken through its support level at Rs 175. This support had been built over quite some time. Its breakdown should caution you. The counter will now become vulnerable for attack by technical operators and bears. Look for the scrip to break Rs 174 on the upside. If it can manage that then there is some hope. It is a pity that this scrip has broken down. Just a few sessions back, it had given a signal that it is likely to move up strongly. The thing to do right now is to get out and preferably at the opportunity provided by any recovery on Wednesday. Thereafter stay out of it.
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