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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 2024-04-04 View latest technical analysis

10 day averaged volume of Bharat Petroleum is 7577777

Date	Daily Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	598.50	614.00	616.10	595.45	1.002 times
03 Wed Apr 2024	610.95	613.00	619.35	608.80	0.822 times
02 Tue Apr 2024	615.80	605.00	620.30	600.00	1.25 times
01 Mon Apr 2024	600.70	603.00	608.95	598.15	0.413 times
28 Thu Mar 2024	602.40	600.90	611.25	597.60	0.803 times
27 Wed Mar 2024	595.20	605.00	611.75	593.30	0.719 times
26 Tue Mar 2024	599.85	586.40	603.80	585.35	0.895 times
22 Fri Mar 2024	592.80	589.00	604.45	584.55	1.415 times
21 Thu Mar 2024	587.80	574.00	589.70	572.55	1.097 times
20 Wed Mar 2024	566.65	561.00	572.40	560.30	1.157 times

My analysis of stock is bearish for shortterm, and stock might move down till 581.6 or till 555.6. Use a stoploss of 603.18 and if the stock hits stoploss, then it can shoot up till 624.79

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	585.35
Upside Target	620.30
Upside Target	620.85
Upside Target	638.70
Upside Target	653.00
Upside Target	687.95

Intraday share price targets for Bharat Petroleum (BPCL)

Target Type	Value
Downside Intraday Target	589.2
Downside Intraday Target	579.9
Upside Intraday Target	614.05
Upside Intraday Target	629.6
Upside Intraday Target	604.75

Weekly technical analysis of Bharat Petroleum (BPCL)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	598.50	603.00	620.30	595.45	1.443 times
28 Thu Mar 2024	602.40	586.40	611.75	585.35	0.415 times
22 Fri Mar 2024	592.80	586.45	604.45	556.40	0.731 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

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
04 Thu Apr 2024	598.50	603.00	620.30	595.45	0.165 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Bharat Petroleum ( (BPCL) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, 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 Weak 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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

CCI has generated a SELL signal for Bharat Petroleum in short term but SELL signal is weak.

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 596.21 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 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 negative.

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