📊 Current Snapshot
Closing Price: ₹329.55
Day's Range: ₹324.80 – ₹334.00
52-Week Range: ₹234.01 – ₹376.00
Market Capitalization: ₹1,42,975 Crores
Volume: Approximately 10 million shares traded
P/E Ratio: 8.14
Dividend Yield: 2.99%
⚙️ Technical Indicators
Relative Strength Index (RSI): 60.31 – Neutral to slightly bullish
Moving Average Convergence Divergence (MACD): 0.29 – Neutral
Moving Averages: Short-term averages (5, 10, 20, 50, 100, 200-day) are above the current price, indicating potential resistance.
Pivot Points: Central pivot around ₹322.30, suggesting a balanced market sentiment.
🎯 Possible Scenarios
Bullish Scenario: A breakout above ₹328.25 with strong volume could target ₹331.80 and higher levels.
Bearish Scenario: Failure to hold above ₹325.85 may lead to a decline toward ₹322.30.
⚠️ Key Considerations
Market Sentiment: BPCL has shown strong performance recently, but broader market conditions can impact its movement.
Volume Analysis: Watch for volume spikes to confirm breakout or breakdown signals.
Technical Indicators: While the RSI indicates a neutral to slightly bullish stance, the MACD and moving averages suggest caution.
Closing Price: ₹329.55
Day's Range: ₹324.80 – ₹334.00
52-Week Range: ₹234.01 – ₹376.00
Market Capitalization: ₹1,42,975 Crores
Volume: Approximately 10 million shares traded
P/E Ratio: 8.14
Dividend Yield: 2.99%
⚙️ Technical Indicators
Relative Strength Index (RSI): 60.31 – Neutral to slightly bullish
Moving Average Convergence Divergence (MACD): 0.29 – Neutral
Moving Averages: Short-term averages (5, 10, 20, 50, 100, 200-day) are above the current price, indicating potential resistance.
Pivot Points: Central pivot around ₹322.30, suggesting a balanced market sentiment.
🎯 Possible Scenarios
Bullish Scenario: A breakout above ₹328.25 with strong volume could target ₹331.80 and higher levels.
Bearish Scenario: Failure to hold above ₹325.85 may lead to a decline toward ₹322.30.
⚠️ Key Considerations
Market Sentiment: BPCL has shown strong performance recently, but broader market conditions can impact its movement.
Volume Analysis: Watch for volume spikes to confirm breakout or breakdown signals.
Technical Indicators: While the RSI indicates a neutral to slightly bullish stance, the MACD and moving averages suggest caution.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.