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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)

10 day averaged volume of Bharat Petroleum is 9952697

Date Daily Closing Price Open High Low Volume
17 Fri May 2024 628.30 619.70 629.50 618.35 0.513 times
16 Thu May 2024 618.75 632.00 633.35 611.05 1.351 times
15 Wed May 2024 625.05 609.00 628.00 607.05 0.946 times
14 Tue May 2024 605.95 612.40 617.70 602.15 0.644 times
13 Mon May 2024 606.90 624.95 624.95 591.80 1.15 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 623.7, but if it comes below 623.7, then a intra day sell could be more profitable.
If you take a sell trade below 623.7, then use 623.7 as stoploss and 610.49 as target. However if you take a buy trade in stock , then use 623.7 as stoploss and 639.7 as target.

Share price targets for Bharat Petroleum (BPCL)

Target Type Value
Downside Target 445.10
Downside Target 499.10
Downside Target 517.85
Downside Target 556.40
Downside Target 588.05
Downside Target 624.55
Upside Target 633.35
Upside Target 635.20
Upside Target 641.70
Upside Target 653.00
Upside Target 687.95

Intraday share price targets for Bharat Petroleum (BPCL)

Target Type Value
Downside Intraday Target 602.28
Downside Intraday Target 576.27
Upside Intraday Target 643.83
Upside Intraday Target 659.37
Downside Intraday Target 617.82

Weekly technical analysis of Bharat Petroleum (BPCL)

Date Weekly Closing Price Open High Low Volume
17 Fri May 2024 628.30 624.95 633.35 591.80 0.853 times
10 Fri May 2024 618.65 635.00 635.20 590.05 1.552 times
03 Fri May 2024 629.85 614.95 641.70 603.40 1.098 times
26 Fri Apr 2024 609.45 594.85 614.70 588.05 0.84 times
19 Fri Apr 2024 585.80 590.20 617.60 564.20 1.329 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
17 Fri May 2024 628.30 618.00 641.70 590.05 0.818 times
30 Tue Apr 2024 607.35 603.00 624.55 564.20 0.918 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

Price has moved up 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)

Indicator Name Indicator Value Indicator Signal
ADX 15, 15, 1 Buy
MACD 12, 10Buy
Stochastics 69None
CCI 132Buy
RSI 58Buy
OBV -2663942Sell
VWAP 613Buy
ADL 0Sell
ROC -0Sell
Force Index 0Sell

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 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 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

ADX buy sell signal for Bharat Petroleum stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Bharat Petroleum in short term and the buy signal is strong.

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. Bulls are getting stronger in this stock.

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

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 but buying is losing 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 613.22 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 has given negative returns over a short term period. Returns for a longer term period have been positive

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

Click here for Bharat Petroleum charts

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