InvestorQ : i am having 150 shares of Bharat petroleum at 434 rs rate.shall i buy more share to average it.it is now at 320 to 330 range.it is a good devidend stock.what will be the future of this stock.modi government is trying to reduce crude rate.
Abhishek made post

i am having 150 shares of Bharat petroleum at 434 rs rate.shall i buy more share to average it.it is now at 320 to 330 range.it is a good devidend stock.what will be the future of this stock.modi government is trying to reduce crude rate.

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Purvesh answered.
3 years ago
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Continue holding the stock, better to avoid averaging. The stock has witnessed a recovery in the past one month. It currently faces resistance in the range of 370-375 levels (which coincides with its 200 days EMA), a close above which we could see a movement towards your buying price. Cmp 349.
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