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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 2024-04-12 View latest technical analysis

10 day averaged volume of Bharat Petroleum is 6823136

Date	Daily Closing Price	Open	High	Low	Volume
12 Fri Apr 2024	601.20	604.75	612.85	599.00	0.983 times
10 Wed Apr 2024	604.75	589.30	608.70	585.00	1.633 times
09 Tue Apr 2024	585.75	597.20	597.20	583.50	0.666 times
08 Mon Apr 2024	591.95	595.95	603.60	590.60	0.852 times
05 Fri Apr 2024	590.45	593.55	594.30	580.25	1.286 times
04 Thu Apr 2024	598.50	614.00	616.10	595.45	1.113 times
03 Wed Apr 2024	610.95	613.00	619.35	608.80	0.913 times
02 Tue Apr 2024	615.80	605.00	620.30	600.00	1.388 times
01 Mon Apr 2024	600.70	603.00	608.95	598.15	0.459 times
28 Thu Mar 2024	602.40	600.90	611.25	597.60	0.892 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 607.5 as stoploss in an intra day sell trade for a target of 593.89. However, stock will show a bullish move above 607.5.

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	612.85
Upside Target	620.30
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	585.52
Downside Intraday Target	569.83
Upside Intraday Target	614.87
Upside Intraday Target	628.53
Downside Intraday Target	599.18

Weekly technical analysis of Bharat Petroleum (BPCL)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Fri Apr 2024	601.20	595.95	612.85	583.50	0.802 times
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

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
12 Fri Apr 2024	601.20	603.00	620.30	580.25	0.397 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 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 short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 BUY. Signal strength is Weak and stock is losing momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 weakening, and bulls are picking up momentum!

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

CCI has generated a buy signal for Bharat Petroleum in short term and BUY signal is strong.

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

Although the stock is in the BUY zone, but buying 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 601.28 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.