Buy Bharat Petroleum Corporation Ltd. target Rs 650 : CapitalVia Global Research Ltd

CapitalVia Global Research Ltd has a buy call on Bharat Petroleum Corporation Ltd. with a target price of Rs 650 .The current market price of Bharat Petroleum Corporation Ltd. is Rs 629.4 The brokerage has given a week's time for Bharat Petroleum Corporation Ltd. price to reach defined target. CapitalVia Global Research Ltd recommended to keep stop loss at Rs 605. After the recent strong up move, the stock is in a consolidation pattern on its daily chart. It is on the verge of breaking out above the medium-term consolidation formation which indicates the presence of strong uptrend in the stock. It is likely to gain momentum and is expected to move up.