BPCL showing a selling opportunity as the prices confirming a downside. Technical factors confirming the downside are as follows:

1.  Break down  of a trend line on weekly charts.
2.  Candle stick analysis pattern on weekly charts indicating a sell signal as the prices are closing below previous weeks closing of 515. Length of the stick also increase as the trend continues.
3. Rounding top formation on hourly charts  also confirming that we are near to  breakout of the pattern.
4. Open interest increase for the last three sessions also providing the confirmation of short build up as the pattern unfolds.
5. Put Call Ratio analysis favoring bears as it stands at 0.45 which is below   0.70 indicating sell on rise.
6. Highest open interest build up at 520 acts as strong resistance.
7. 60 EMA on weekly charts showing support at 465 also looking like an automatic price support.
8. here is the snap shot:
9.