BPCL - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.4
| Stock Code | BPCL | Market Cap | 1,31,826 Cr. | Current Price | 304 ₹ | High / Low | 392 ₹ |
| Stock P/E | 5.36 | Book Value | 211 ₹ | Dividend Yield | 5.76 % | ROCE | 19.6 % |
| ROE | 18.7 % | Face Value | 10.0 ₹ | DMA 50 | 354 ₹ | DMA 200 | 344 ₹ |
| Chg in FII Hold | 1.93 % | Chg in DII Hold | -1.75 % | PAT Qtr | 7,545 Cr. | PAT Prev Qtr | 6,443 Cr. |
| RSI | 24.2 | MACD | -17.5 | Volume | 96,58,516 | Avg Vol 1Wk | 1,34,22,782 |
| Low price | 262 ₹ | High price | 392 ₹ | PEG Ratio | 0.41 | Debt to equity | 0.24 |
| 52w Index | 32.1 % | Qtr Profit Var | 62.3 % | EPS | 53.8 ₹ | Industry PE | 13.7 |
📊 Chart & Trend Analysis: BPCL is trading at ₹304, well below its 50 DMA (₹354) and 200 DMA (₹344), confirming a bearish trend. RSI at 24.2 indicates oversold conditions, while MACD at -17.5 shows strong negative momentum. Bollinger Bands suggest price is near the lower band, signaling weakness but potential for a technical bounce.
📈 Momentum Signals: Volume (96.6L) is lower than 1-week average (134L), showing reduced participation. Oversold RSI may trigger a short-term rebound if support holds.
💹 Entry Zone: Strong support lies around ₹262–₹275. Accumulation near this zone offers risk-managed entry.
💰 Exit Zone: Resistance levels are ₹344 (200 DMA) and ₹354 (50 DMA). A breakout above ₹354 would confirm reversal.
🔎 Trend Status: The stock is reversing downward and currently oversold. Sustained move above ₹344–₹354 is required to regain bullish momentum.
Positive
- Strong ROCE (19.6%) and ROE (18.7%) indicate efficient capital use.
- Dividend yield at 5.76% provides attractive income for investors.
- Quarterly PAT growth (₹7,545 Cr vs ₹6,443 Cr) shows robust earnings momentum.
- PEG ratio of 0.41 suggests undervaluation relative to growth.
Limitation
- Stock trading below both 50 DMA and 200 DMA indicates weak technicals.
- High volatility with sharp correction from ₹392 to ₹304.
- Debt-to-equity ratio of 0.24 shows moderate leverage.
Company Negative News
- DII holding decreased (-1.75%), showing reduced domestic institutional confidence.
- Stock has corrected significantly from highs, eroding sentiment.
Company Positive News
- FII holding increased (+1.93%), reflecting rising foreign investor interest.
- EPS at ₹53.8 remains strong, supporting valuation comfort despite correction.
Industry
- Oil & gas sector benefits from global energy demand but faces margin volatility.
- Industry P/E at 13.7 indicates BPCL trades at a discount (P/E 5.36), offering valuation comfort.
Conclusion
⚖️ BPCL is fundamentally strong with attractive dividend yield and robust earnings, but technically weak and oversold. Entry near ₹262–₹275 offers favorable risk-reward, while breakout above ₹344–₹354 is needed for reversal confirmation. Long-term investors may accumulate gradually, while traders should wait for confirmation signals before entering.
Would you like me to extend this into a basket overlay with peers like HPCL, IOC, and ONGC so you can benchmark BPCL’s momentum against the broader oil & gas sector rotation?