⚠ Disclaimer: This report is generated using AI tools and is for informational purposes only. It does not constitute investment advice. Please consult a registered financial advisor before making any investment decisions.
BPCL - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.3
| Stock Code | BPCL | Market Cap | 1,59,071 Cr. | Current Price | 367 ₹ | High / Low | 388 ₹ |
| Stock P/E | 6.43 | Book Value | 211 ₹ | Dividend Yield | 4.75 % | ROCE | 19.6 % |
| ROE | 18.7 % | Face Value | 10.0 ₹ | DMA 50 | 360 ₹ | DMA 200 | 339 ₹ |
| Chg in FII Hold | 1.93 % | Chg in DII Hold | -1.75 % | PAT Qtr | 7,545 Cr. | PAT Prev Qtr | 6,443 Cr. |
| RSI | 48.2 | MACD | -1.17 | Volume | 74,52,928 | Avg Vol 1Wk | 1,21,06,251 |
| Low price | 234 ₹ | High price | 388 ₹ | PEG Ratio | 0.49 | Debt to equity | 0.24 |
| 52w Index | 86.0 % | Qtr Profit Var | 62.3 % | EPS | 53.8 ₹ | Industry PE | 9.25 |
📈 Technical Analysis
- Chart Patterns: Stock is trading near recent highs (388 ₹) at 367 ₹, showing strength but facing resistance.
- Moving Averages: Current price is above both 50 DMA (360 ₹) and 200 DMA (339 ₹), confirming medium-term bullish bias.
- RSI: At 48.2, stock is neutral, suggesting balanced momentum with potential for upside.
- MACD: Slightly negative (-1.17), showing mild bearish divergence despite overall strength.
- Bollinger Bands: Price near upper band, indicating strength but risk of short-term pullback.
- Volume Trends: Current volume (74,52,928) is lower than average weekly volume (1,21,06,251), suggesting reduced participation.
🎯 Momentum & Trade Zones
- Short-term Momentum: Neutral to mildly bullish, with potential consolidation before breakout.
- Support Levels: 360 ₹ (50 DMA), 339 ₹ (200 DMA).
- Resistance Levels: 375 ₹ (near-term), 388 ₹ (recent high).
- Optimal Entry: 360–365 ₹ range on dips.
- Optimal Exit: 375–385 ₹ unless breakout above 388 ₹ is confirmed.
📊 Trend Status
Stock is consolidating near resistance after a strong rally, with medium-term bullish trend intact above moving averages.
✅ Positive
- Strong ROCE (19.6%) and ROE (18.7%).
- Dividend yield of 4.75% adds investor appeal.
- Quarterly PAT growth (7,545 Cr. vs 6,443 Cr.) shows earnings strength.
- 52-week index gain of 86% highlights strong long-term performance.
⚠️ Limitation
- Valuation below industry average (P/E 6.43 vs industry P/E 9.25), but cyclical risks remain.
- MACD negative, showing short-term weakness.
- Volume below average, indicating reduced momentum.
📉 Company Negative News
- DII holding decreased (-1.75%), showing reduced domestic institutional interest.
📈 Company Positive News
- FII holding increased (+1.93%), reflecting foreign investor confidence.
- Quarterly profit growth (+62.3%) supports earnings visibility.
🏭 Industry
- Oil & gas sector trading at industry P/E of 9.25, slightly higher than BPCL’s valuation.
- Sector supported by global energy demand and government reforms.
🔎 Conclusion
BPCL is technically consolidating near resistance with medium-term bullish trend intact. Traders may consider entry around 360–365 ₹ with exit near 375–385 ₹. Long-term investors can hold for breakout above 388 ₹, supported by strong fundamentals and attractive dividend yield.