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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 2024-04-18 View latest technical analysis

10 day averaged volume of Bharat Petroleum is 7436281

Date	Daily Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	589.60	604.50	617.60	585.55	1.737 times
16 Tue Apr 2024	592.30	585.00	600.00	578.55	0.776 times
15 Mon Apr 2024	589.55	590.20	599.80	574.40	1.117 times
12 Fri Apr 2024	601.20	604.75	612.85	599.00	0.902 times
10 Wed Apr 2024	604.75	589.30	608.70	585.00	1.499 times
09 Tue Apr 2024	585.75	597.20	597.20	583.50	0.611 times
08 Mon Apr 2024	591.95	595.95	603.60	590.60	0.782 times
05 Fri Apr 2024	590.45	593.55	594.30	580.25	1.18 times
04 Thu Apr 2024	598.50	614.00	616.10	595.45	1.021 times
03 Wed Apr 2024	610.95	613.00	619.35	608.80	0.838 times

My analysis of stock is bearish for shortterm, and stock might move down till 579.7 or till 563.9. Use a stoploss of 592.81 and if the stock hits stoploss, then it can shoot up till 605.93

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	574.40
Upside Target	604.45
Upside Target	612.85
Upside Target	617.60
Upside Target	620.30
Upside Target	653.00
Upside Target	687.95

Intraday share price targets for Bharat Petroleum (BPCL)

Target Type	Value
Downside Intraday Target	570.13
Downside Intraday Target	550.67
Upside Intraday Target	613.33
Upside Intraday Target	637.07
Upside Intraday Target	593.87

Weekly technical analysis of Bharat Petroleum (BPCL)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	589.60	590.20	617.60	574.40	0.957 times
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

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
18 Thu Apr 2024	589.60	603.00	620.30	574.40	0.566 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 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 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 neutral. A longer time frame might give a better analysis.

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 losing 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. 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 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

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 595.59 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.