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(BPCL) Bharat Petroleum complete technical analysis [charts+indicators] | Buy/Sell Bharat Petroleum | (BPCL) share price targets

Complete technical analysis of Bharat Petroleum (BPCL) by charts plus indicators, forecast predictions and share price targets for Bharat Petroleum (BPCL)

Bharat Petroleum trades in NSE in Refineries sector.

10 day averaged volume of Bharat Petroleum is 8189714

Date	Daily Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	609.45	602.30	614.70	599.10	0.605 times
25 Thu Apr 2024	603.40	593.35	605.80	588.05	0.876 times
24 Wed Apr 2024	593.35	598.00	598.85	592.00	0.597 times
23 Tue Apr 2024	593.00	608.30	609.50	591.75	0.698 times
22 Mon Apr 2024	603.45	594.85	608.80	593.00	1.07 times
19 Fri Apr 2024	585.80	578.00	589.90	564.20	1.282 times
18 Thu Apr 2024	589.60	604.50	617.60	585.55	1.577 times
16 Tue Apr 2024	592.30	585.00	600.00	578.55	0.705 times
15 Mon Apr 2024	589.55	590.20	599.80	574.40	1.015 times
12 Fri Apr 2024	601.20	604.75	612.85	599.00	0.819 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 606.2, but if it comes below 606.2, then a intra day sell could be more profitable.
If you take a sell trade below 606.2, then use 606.2 as stoploss and 597.88 as target. However if you take a buy trade in stock , then use 606.2 as stoploss and 616.1 as target.

Share price targets for Bharat Petroleum (BPCL)

Target Type	Value
Downside Target	432.45
Downside Target	445.10
Downside Target	482.50
Downside Target	499.10
Downside Target	517.85
Downside Target	556.40
Downside Target	580.25
Upside Target	611.75
Upside Target	614.70
Upside Target	617.60
Upside Target	620.30
Upside Target	653.00
Upside Target	687.95

Intraday share price targets for Bharat Petroleum (BPCL)

Target Type	Value
Downside Intraday Target	593.43
Downside Intraday Target	577.42
Upside Intraday Target	620.08
Upside Intraday Target	630.72
Downside Intraday Target	604.07

Weekly technical analysis of Bharat Petroleum (BPCL)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	609.45	594.85	614.70	588.05	0.84 times
19 Fri Apr 2024	585.80	590.20	617.60	564.20	1.329 times
12 Fri Apr 2024	601.20	595.95	612.85	583.50	0.802 times
05 Fri Apr 2024	590.45	603.00	620.30	580.25	1.922 times
28 Thu Mar 2024	602.40	586.40	611.75	585.35	0.415 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Bharat Petroleum (BPCL)

Date	Monthly Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	609.45	603.00	620.30	564.20	0.829 times
28 Thu Mar 2024	602.40	611.00	653.00	556.40	0.501 times
29 Thu Feb 2024	603.85	504.55	687.95	499.10	1.616 times
31 Wed Jan 2024	502.35	459.40	517.85	445.10	0.871 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Bharat Petroleum (BPCL)

Price action analysis of Bharat Petroleum ( (BPCL) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Bharat Petroleum ( (BPCL) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Bharat Petroleum ( (BPCL) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Bharat Petroleum stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Bharat Petroleum in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Bharat Petroleum Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Bharat Petroleum in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Bharat Petroleum is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 595.01 and Bharat Petroleum (BPCL) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down

People seem to be coming out and selling the Bharat Petroleum (BPCL) stock. Volume based technical analysis of Bharat Petroleum (BPCL) stock is negative.

Bharat Petroleum Stock is giving positive returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.