BPCL - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.1
| Stock Code | BPCL | Market Cap | 1,33,214 Cr. | Current Price | 307 ₹ | High / Low | 392 ₹ |
| Stock P/E | 5.05 | Book Value | 220 ₹ | Dividend Yield | 5.70 % | ROCE | 32.1 % |
| ROE | 29.9 % | Face Value | 10.0 ₹ | DMA 50 | 308 ₹ | DMA 200 | 327 ₹ |
| Chg in FII Hold | 1.11 % | Chg in DII Hold | -1.04 % | PAT Qtr | 5,094 Cr. | PAT Prev Qtr | 7,545 Cr. |
| RSI | 54.7 | MACD | -1.05 | Volume | 62,16,268 | Avg Vol 1Wk | 93,58,108 |
| Low price | 267 ₹ | High price | 392 ₹ | PEG Ratio | 0.05 | Debt to equity | 0.22 |
| 52w Index | 32.3 % | Qtr Profit Var | 13.7 % | EPS | 53.7 ₹ | Industry PE | 14.6 |
📈 Chart & Trend Analysis: BPCL is trading at ₹307, near its 50 DMA (₹308) but below its 200 DMA (₹327), indicating short-term consolidation with mild weakness. RSI at 54.7 suggests neutral momentum. MACD at -1.05 shows slight negative divergence, pointing to short-term bearish bias. Bollinger Bands place the price near the mid-band, signaling sideways movement.
📊 Volume Trends: Current volume (62,16,268) is lower than the 1-week average (93,58,108), reflecting reduced participation and lack of strong buying interest.
🔑 Support & Resistance: Strong support lies at ₹290 and ₹267 (recent low). Resistance is near ₹327 (200 DMA) and ₹392 (recent high). Optimal entry zone: ₹290–₹300. Exit/profit booking zone: ₹320–₹330.
📉 Momentum Signals: RSI is neutral, while MACD shows mild bearish divergence. Short-term signals favor cautious accumulation near support zones.
📌 Trend Status: The stock is currently consolidating with a slight bearish bias, awaiting breakout above 200 DMA for trend reversal.
Positive ✅
- Strong ROCE (32.1%) and ROE (29.9%) highlight excellent capital efficiency.
- High dividend yield (5.70%) provides attractive income for investors.
- Low P/E ratio (5.05) compared to industry average (14.6) suggests undervaluation.
- PEG ratio of 0.05 indicates strong growth potential at low valuation.
Limitation ⚠️
- Stock trading below 200 DMA indicates short-term weakness.
- Volume below average suggests lack of strong buying momentum.
- Quarterly PAT declined (₹5,094 Cr vs ₹7,545 Cr), showing earnings pressure.
Company Negative News ❌
- DII holding decreased (-1.04%), showing reduced domestic institutional support.
Company Positive News 🌟
- FII holding increased (+1.11%), reflecting foreign investor confidence.
- EPS at ₹53.7 remains strong, supporting valuation strength.
Industry 🏭
- Oil & gas sector benefits from global energy demand and government support.
- Industry P/E at 14.6 indicates moderate valuations compared to BPCL’s low P/E.
Conclusion 📌
BPCL is consolidating near its 50 DMA with weak short-term momentum but strong fundamentals. Attractive dividend yield and low P/E make it fundamentally appealing. Optimal strategy: accumulate near ₹290–₹300 support zones and consider profit booking near ₹320–₹330 resistance levels. Trend is consolidating with potential rebound if volumes strengthen.
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