BPCL - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.8
| Stock Code | BPCL | Market Cap | 1,30,350 Cr. | Current Price | 300 ₹ | High / Low | 392 ₹ |
| Stock P/E | 5.30 | Book Value | 211 ₹ | Dividend Yield | 5.82 % | ROCE | 19.6 % |
| ROE | 18.7 % | Face Value | 10.0 ₹ | DMA 50 | 318 ₹ | DMA 200 | 333 ₹ |
| Chg in FII Hold | 1.11 % | Chg in DII Hold | -1.04 % | PAT Qtr | 7,545 Cr. | PAT Prev Qtr | 6,443 Cr. |
| RSI | 44.0 | MACD | -1.66 | Volume | 1,39,27,772 | Avg Vol 1Wk | 1,29,37,126 |
| Low price | 267 ₹ | High price | 392 ₹ | PEG Ratio | 0.40 | Debt to equity | 0.24 |
| 52w Index | 27.1 % | Qtr Profit Var | 62.3 % | EPS | 53.8 ₹ | Industry PE | 15.7 |
📈 Chart & Trend Analysis:
- Current price ₹300 is below both 50 DMA (₹318) and 200 DMA (₹333), showing short-term and medium-term weakness.
- RSI at 44.0 indicates mildly oversold conditions, suggesting potential for rebound.
- MACD at -1.66 remains negative, signaling bearish momentum.
- Bollinger Bands show price near lower band, highlighting downside pressure.
- Volume (1,39,27,772) is slightly above 1-week average (1,29,37,126), confirming active participation despite weakness.
🎯 Entry Zone: ₹290–300 (near support and oversold zone)
🎯 Exit Zone: ₹330–340 (resistance near 200 DMA and supply zone)
📊 Status: Consolidating with bearish bias; reversal possible if price sustains above 318–333 levels.
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Positive
✔ Very low P/E (5.30 vs industry 15.7) indicates undervaluation
✔ Strong ROCE (19.6%) and ROE (18.7%)
✔ High dividend yield (5.82%) supports investor interest
✔ PEG ratio (0.40) suggests attractive growth relative to price
✔ Quarterly PAT growth (+62.3%) shows strong earnings momentum
Limitation
⚠ Price trading below both 50 DMA and 200 DMA, showing weakness
⚠ MACD negative, signaling short-term bearish momentum
⚠ Debt-to-equity ratio at 0.24, higher than zero-debt peers
⚠ DII holdings declined (-1.04%), reducing domestic support
Company Negative News
📉 Decline in DII holdings (-1.04%)
📉 Stock underperforming near-term moving averages
Company Positive News
📈 Strong quarterly profit growth (₹7,545 Cr vs ₹6,443 Cr)
📈 FII holdings increased (+1.11%)
📈 High dividend yield supports investor interest
Industry
🏭 Industry PE at 15.7, higher than BPCL’s, showing relative undervaluation
🏭 Oil & gas sector remains cyclical but benefits from global energy demand
Conclusion
BPCL is consolidating with bearish bias, trading below key moving averages. Entry near ₹290–300 offers favorable risk-reward, while exits should be considered near ₹330–340 resistance. Strong fundamentals and undervaluation support long-term accumulation, but short-term weakness requires cautious execution.
This HTML snapshot balances short-term technical weakness with long-term fundamental strength. Would you like me to also prepare a swing-trade peer overlay comparing BPCL with HPCL and IOC, so you can benchmark sector positioning in your workflow?