BPCL - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.0

Here’s a comprehensive technical breakdown of BPCL (Bharat Petroleum Corporation Ltd)

📊 Trend Overview

Current Status: Trending upward, but showing signs of mild consolidation.

Price Action: Trading above both 50-DMA and 200-DMA, indicating bullish bias.

52-week Index: 64.4% — strong relative performance.

📈 Moving Averages

DMA 50: ₹320

DMA 200: ₹309

Current Price: ₹326

✅ Price is comfortably above both moving averages, reinforcing bullish sentiment. These levels now serve as support.

📉 Momentum Indicators

RSI (14-day): 59.7 — Bullish zone, but not yet overbought. Indicates strength with room for upside.

MACD: -0.06 — Slightly bearish crossover, suggesting a pause or minor pullback.

Volume: 57.6 lakh vs 1-week avg of 57.9 lakh — Flat volume, showing neutral sentiment.

📊 Bollinger Bands

Price is near the middle band, indicating low volatility. A breakout above ₹330–₹335 could trigger momentum.

🔍 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 320 50-DMA, immediate support

Support 2 309 200-DMA, stronger support

Resistance 1 335 Minor resistance zone

Resistance 2 350 Previous swing high

Resistance 3 376 52-week high, major breakout level

🎯 Entry & Exit Zones

Optimal Entry: ₹318–₹325 range on pullback with volume confirmation.

Exit Zone: ₹345–₹360 for short-term traders; ₹375+ for medium-term breakout players.

⚠️ Short-Term Signals

MACD is flat, suggesting consolidation.

RSI supports continued upside.

Strong quarterly profit growth (+103%) adds fundamental strength.

Watch for breakout above ₹335 with volume surge to confirm trend continuation.

🧭 Summary

Trend: Bullish with mild consolidation

Momentum: Stable; MACD signals caution, RSI supports upside

Technical Rating: 4.0 — Constructive setup with breakout potential above ₹335

Would you like a sector-wide comparison with IOC, HPCL, or ONGC to spot rotational strength?

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