BPCL - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Technical Rating: 4.3

📈 BPCL is currently trending upward with strong momentum indicators and price action above key moving averages. The stock is testing its 52-week high, supported by bullish technicals and solid earnings growth.

📊 Technical Analysis Summary

• Trend Status: Trending upward
• RSI (67.8): Bullish — strong momentum, nearing overbought zone
• MACD (5.31): Positive crossover — confirms bullish trend
• Volume: Slightly below 1-week average — moderate conviction
• DMA 50 & 200: Price above both — confirms bullish structure
• Bollinger Bands: Price near upper band — momentum strong, breakout possible

🎯 Entry & Exit Zones

• Support Levels: ₹355, ₹340, ₹334
• Resistance Levels: ₹368, ₹380, ₹395
• Optimal Entry: ₹355–₹360 (on minor pullback)
• Exit Target: ₹380–₹395 (short-term resistance)

✅ Positive

• Strong ROCE (19.6%) and ROE (18.7%) — efficient capital deployment
• EPS of ₹47.1 — robust earnings profile
• Price above key moving averages — confirms bullish momentum
• FII holding increased by 1.08% — institutional confidence
• PEG ratio (0.55) — attractive valuation relative to growth

⚠️ Limitation

• RSI nearing overbought — potential short-term pullback
• Volume below average — momentum may lack conviction
• DII holding declined by 0.87% — domestic sentiment softening

📉 Company Negative News

• Stock trading at 52-week high — risk of profit booking
• Valuation may face pressure if oil margins compress

📈 Company Positive News

• Quarterly PAT improved from ₹6,124 Cr to ₹6,443 Cr — 169% YoY growth
• Strong institutional buying and sector tailwinds

🏭 Industry

• Sector: Oil & Gas / Energy
• Industry P/E: 21.4 vs BPCL’s P/E: 7.28 — significantly undervalued
• Sector outlook supported by refining margins and energy demand

🧾 Conclusion

• BPCL is in a bullish trend with strong technical indicators
• Entry near ₹355–₹360 with targets at ₹380–₹395
• Monitor RSI and volume for signs of continuation or exhaustion
• Valuation remains attractive; suitable for momentum and value-oriented investors