BPCL Long Pick

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All research for educational purposes only.

Here is a technical analysis of BPCL (Bharat Petroleum Corporation Ltd) as of May 2024:

Current Stock Performance
Current Price: ₹629.00
Day's Range: ₹607.20 - ₹623.50
52-Week Range: ₹331.45 - ₹687.95
Market Cap: ₹1.36 trillion
Volatility: 0.57% with a beta of 1.37
Moving Averages
BPCL's stock exhibits strong buy signals across various moving averages:

MA5: Simple - ₹616.23, Exponential - ₹617.74
MA10: Simple & Exponential - ₹612.80
MA20: Simple - ₹604.85, Exponential - ₹608.35
MA50: Simple - ₹598.97, Exponential - ₹601.91
MA100: Simple - ₹597.53
Technical Indicators
BPCL shows strong buy signals based on multiple technical indicators:

RSI (14): 72.13 (Buy)
Stochastic (9,6): 67.29 (Buy)
StochRSI (14): 100 (Overbought)
MACD (12,26): 5.75 (Buy)
ADX (14): 45.97 (Buy)
CCI (14): 159.24 (Buy)
Williams %R: -3.90 (Overbought)
ATR (14): 6.05 (High Volatility)
Highs/Lows (14): 10.31 (Buy)
Ultimate Oscillator: 56.68 (Buy)
ROC: 4.70 (Buy)
Bull/Bear Power (13): 19.42 (Buy)
Summary
Overall, the technical analysis for BPCL indicates a strong buy signal. This conclusion is based on the convergence of multiple moving averages and technical indicators all pointing towards a bullish trend. The stock's performance shows positive momentum, with several indicators such as RSI, MACD, and ADX suggesting strong buying conditions.

This analysis should be supplemented with additional research and consideration of other factors such as market conditions and fundamental analysis before making any investment decisions.