Nooresh Merani of AMSEC told CNBC-TV18, "Technically Bharat Petroleum Corporation (BPCL) is in a downtrend and we could be looking towards something like Rs 320-310 levels in the short-term where we can see some sort of oversold bounce not before that."
The share touched its 52-week high Rs 449 and 52-week low Rs 256 on 21 January, 2013 and 06 August, 2013, respectively.
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