BPCL - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 3.8

Here’s the full technical analysis of BPCL (Bharat Petroleum Corporation Ltd) 🛢️📈

📊 Trend Overview

Status: The stock is currently trending upward, albeit mildly

Price Action

Trading above both 50 DMA (₹329) and 200 DMA (₹306) ➤ bullish posture

52-week index performance: +71.1% — strong relative momentum

📈 Indicator Insights

RSI (48.0)

Neutral zone ➤ no immediate momentum bias

Could pivot upward with price strength

MACD (2.37)

Positive and above signal line ➤ short-term bullish momentum building

Bollinger Bands

Price close to mid-band — suggests consolidation, but room for breakout

Volume

Substantially above 1-week average ➤ strong participation supporting price action

🚀 Short-Term Momentum Signals

Momentum is neutral to mildly bullish

Price holding above support levels

MACD positive ➤ near-term momentum uptick possible

Institutional activity: FII ↑ 0.87% (positive), DII ↓ 0.05% (neutral)

💰 Entry & Exit Zones

Action Price Range (₹) Strategy Insight

Entry (Pullback Buy) ₹325 - ₹333 Support zone near 50 DMA

Entry (Breakout Buy) ₹338 - ₹344 On continuation above consolidation resistance

Exit (Partial) ₹360 - ₹368 Resistance zone just before 52-week high

Exit (Full) ₹376+ If breakout continues — monitor RSI for overbought

🧩 Valuation & Observations

P/E (10.7) vs Industry PE (21.6) ➤ undervalued technically

PEG Ratio (1.32) ➤ healthy growth vs valuation

Quarterly PAT down 8.12% — may create near-term drag

Debt-to-equity (0.75) ➤ manageable, but watch for interest rate impact

📌 Final Takeaway

Trend: Mild uptrend with stable support

Momentum: Consolidating with upside potential

Technical Rating: 3.8

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