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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.

Showing technical analysis as on 2024-03-14 View latest technical analysis

10 day averaged volume of Bharat Petroleum is 6929533

Date	Daily Closing Price	Open	High	Low	Volume
14 Thu Mar 2024	608.75	597.75	614.00	592.40	1.398 times
13 Wed Mar 2024	597.75	628.00	628.00	594.20	1.076 times
12 Tue Mar 2024	625.45	627.00	635.35	616.65	1.016 times
11 Mon Mar 2024	626.40	617.00	638.70	612.05	1.108 times
07 Thu Mar 2024	624.70	637.00	641.15	622.00	0.864 times
06 Wed Mar 2024	638.35	643.00	653.00	625.25	1.317 times
05 Tue Mar 2024	645.10	641.05	649.50	632.10	0.889 times
04 Mon Mar 2024	640.45	625.20	643.25	620.85	1.068 times
02 Sat Mar 2024	625.20	625.00	629.95	618.40	0.045 times
01 Fri Mar 2024	623.30	611.00	627.25	609.00	1.137 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 612.1, but if it comes above 612.1, then a intra day buy could be more profitable.
If you take a sell trade below 612.1, then use 612.1 as stoploss and 592.8 as target. However if you take a buy trade in stock , then use 612.1 as stoploss and 628.13 as target.

Share price targets for Bharat Petroleum (BPCL)

Target Type	Value
Downside Target	350.55
Downside Target	432.45
Downside Target	482.50
Downside Target	499.10
Downside Target	517.85
Downside Target	580.35
Downside Target	592.40
Upside Target	610.85
Upside Target	633.60
Upside Target	653.00
Upside Target	667.85
Upside Target	687.95

Intraday share price targets for Bharat Petroleum (BPCL)

Target Type	Value
Downside Intraday Target	587.87
Downside Intraday Target	566.98
Upside Intraday Target	634.17
Upside Intraday Target	659.58
Upside Intraday Target	613.28

Weekly technical analysis of Bharat Petroleum (BPCL)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Thu Mar 2024	608.75	617.00	638.70	592.40	1.111 times
07 Thu Mar 2024	624.70	625.20	653.00	620.85	0.654 times
02 Sat Mar 2024	625.20	617.00	633.60	594.45	0.844 times
23 Fri Feb 2024	617.95	659.90	667.85	610.85	0.562 times
16 Fri Feb 2024	654.60	614.80	687.95	580.35	0.992 times

Price has moved down 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
14 Thu Mar 2024	608.75	611.00	653.00	592.40	0.216 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
29 Fri Dec 2023	450.65	440.00	482.50	432.45	1.6 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Bharat Petroleum ( (BPCL) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Bharat Petroleum ( (BPCL) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

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

MACD generated a SELL signal for Bharat Petroleum in short term but the sell signal is initial and weak.

Bharat Petroleum Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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

CCI has generated a SELL signal for Bharat Petroleum in short term and SELL 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

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 624.97 and Bharat Petroleum (BPCL) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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 positive

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