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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 2024-10-21 View latest technical analysis

10 day averaged volume of Bharat Petroleum is 10126654

Date	Daily Closing Price	Open	High	Low	Volume
21 Mon Oct 2024	331.65	342.55	345.50	330.20	0.85 times
18 Fri Oct 2024	342.50	342.70	343.90	334.30	0.724 times
17 Thu Oct 2024	342.70	349.15	350.60	341.85	1.089 times
16 Wed Oct 2024	350.75	352.00	355.90	348.05	1.686 times
15 Tue Oct 2024	348.75	344.20	351.50	343.90	1.697 times
14 Mon Oct 2024	340.75	340.00	344.60	337.25	0.787 times
11 Fri Oct 2024	337.65	335.45	339.40	334.00	0.4 times
10 Thu Oct 2024	335.45	342.00	343.30	334.55	0.563 times
09 Wed Oct 2024	338.85	345.00	350.00	337.75	1.335 times
08 Tue Oct 2024	338.00	331.50	339.45	328.25	0.945 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 334, but if it comes above 334, then a intra day buy could be more profitable.
If you take a sell trade below 334, then use 334 as stoploss and 320.9 as target. However if you take a buy trade in stock , then use 334 as stoploss and 344.94 as target.

Share price targets for Bharat Petroleum (BPCL)

Target Type	Value
Downside Target	293.40
Downside Target	320.65
Upside Target	345.50
Upside Target	355.90
Upside Target	359.05
Upside Target	365.50
Upside Target	370.50
Upside Target	373.35
Upside Target	376.00
Upside Target	687.00

Intraday share price targets for Bharat Petroleum (BPCL)

Target Type	Value
Downside Intraday Target	326.07
Downside Intraday Target	320.48
Upside Intraday Target	341.37
Upside Intraday Target	351.08
Upside Intraday Target	335.78

Weekly technical analysis of Bharat Petroleum (BPCL)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Mon Oct 2024	331.65	342.55	345.50	330.20	0.142 times
18 Fri Oct 2024	342.50	340.00	355.90	334.30	1.489 times
11 Fri Oct 2024	337.65	342.00	350.00	328.25	0.563 times
04 Fri Oct 2024	340.25	367.15	376.00	334.35	1.039 times
27 Fri Sep 2024	367.30	333.00	370.50	331.30	1.603 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
21 Mon Oct 2024	331.65	370.00	373.35	328.25	0.583 times
30 Mon Sep 2024	369.95	361.00	376.00	322.95	0.942 times
30 Fri Aug 2024	357.65	351.00	365.50	320.65	0.757 times
31 Wed Jul 2024	350.05	305.70	359.05	293.40	1.53 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 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 short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 and the sell signal is strong.

Bharat Petroleum Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

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

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

RSI is generating a SELL signal in short term and selling is picking up 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 342.41 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.