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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 2024-03-21 View latest technical analysis

10 day averaged volume of Bharat Petroleum is 10057540

Date	Daily Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	587.80	574.00	589.70	572.55	0.827 times
20 Wed Mar 2024	566.65	561.00	572.40	560.30	0.871 times
19 Tue Mar 2024	557.70	580.00	580.85	556.40	1.077 times
18 Mon Mar 2024	582.30	586.45	592.80	580.30	0.546 times
15 Fri Mar 2024	586.45	588.25	600.00	559.00	2.836 times
14 Thu Mar 2024	608.75	597.75	614.00	592.40	0.963 times
13 Wed Mar 2024	597.75	628.00	628.00	594.20	0.741 times
12 Tue Mar 2024	625.45	627.00	635.35	616.65	0.7 times
11 Mon Mar 2024	626.40	617.00	638.70	612.05	0.763 times
07 Thu Mar 2024	624.70	637.00	641.15	622.00	0.595 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 587.2 as stoploss in an intra day buy trade for a target of 610.98. However, stock will show a bearish move below 587.2.

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	556.40
Upside Target	592.80
Upside Target	610.85
Upside Target	633.60
Upside Target	638.70
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	565.2
Downside Intraday Target	542.6
Upside Intraday Target	601.6
Upside Intraday Target	615.4
Downside Intraday Target	579

Weekly technical analysis of Bharat Petroleum (BPCL)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	587.80	586.45	592.80	556.40	0.553 times
15 Fri Mar 2024	586.45	617.00	638.70	559.00	2.106 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

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
21 Thu Mar 2024	587.80	611.00	653.00	556.40	0.41 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 down 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 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 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 losing 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 weakening, and bulls are picking up momentum!

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 buy signal for Bharat Petroleum in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY 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 592.6 and Bharat Petroleum (BPCL) stock is trading below this level. This means that stock is falling with high volumes. 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 has given negative 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.