BPCL could touch Rs 705 in next few days: Mitesh Thacker

In a chat with ET Now, Mitesh Thacker, Technical Analyst, miteshthacker.com, shares his stock ideas.

What is the call on BPCL?

This is one sector which is clearly outperforming. You have seen these stocks do well and in fact, the uptrend has not violated these stock prices or all these stocks especially the front line ones like BPCL, HPCL and IOC have been trading above their short-term averages. BPCL for the last few days has been consolidating but this stock could be headed higher. We are looking at targets of about Rs 705. So that is one price target which this stock price could head towards in the next few days.