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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 2024-04-05 View latest technical analysis

10 day averaged volume of Bharat Petroleum is 7253859

Date	Daily Closing Price	Open	High	Low	Volume
05 Fri Apr 2024	590.45	593.55	594.30	580.25	1.209 times
04 Thu Apr 2024	598.50	614.00	616.10	595.45	1.047 times
03 Wed Apr 2024	610.95	613.00	619.35	608.80	0.859 times
02 Tue Apr 2024	615.80	605.00	620.30	600.00	1.306 times
01 Mon Apr 2024	600.70	603.00	608.95	598.15	0.432 times
28 Thu Mar 2024	602.40	600.90	611.25	597.60	0.839 times
27 Wed Mar 2024	595.20	605.00	611.75	593.30	0.751 times
26 Tue Mar 2024	599.85	586.40	603.80	585.35	0.935 times
22 Fri Mar 2024	592.80	589.00	604.45	584.55	1.478 times
21 Thu Mar 2024	587.80	574.00	589.70	572.55	1.146 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 581 as stoploss in an intra day buy trade for a target of 600.45. However, stock will show a bearish move below 581.

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	604.45
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	573.7
Downside Intraday Target	556.95
Upside Intraday Target	613.75
Upside Intraday Target	637.05
Upside Intraday Target	597

Weekly technical analysis of Bharat Petroleum (BPCL)

Date	Weekly Closing Price	Open	High	Low	Volume
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
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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Bharat Petroleum (BPCL)

Date	Monthly Closing Price	Open	High	Low	Volume
05 Fri Apr 2024	590.45	603.00	620.30	580.25	0.22 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 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 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining 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 599.09 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 negative.

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