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BPCL

BPCL – Trendline Support Holding StrongOn the daily chart, BPCL has once again respected its trendline support around the ₹309–310 zone, showing buying interest at lower levels. The stock has bounced back and is currently trading near ₹323. Price Action Insight: A decisive bounce from support indicates that bulls are actively defending this level. Upside Potential: Immediate target lies near ₹330+ if momentum sustains. Options Data: The BPCL 325 CE (28th Aug 2025) witnessed strong buying interest with a gain of +17% today, confirming traders’ confidence in a short-term upward move. 🔑 Key Levels to Watch: Support: ₹309 Resistance: ₹330 / ₹335 A sustained move above ₹330 may open the path for further upside, while a break below ₹309 could shift sentiment.
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by Kapil-Mittal
1
BPCL | Cup and Handle | Breakout |Daily ### 🏺 **Pattern Overview:** ✅ **Cup and Handle Formation:** * **Cup period:** November 2024 – June 2025. * **Handle period:** Short, forming in May 2025 – breakout seen recently. ✅ **Breakout Confirmation:** * **Breakout point:** ₹325.50 (previous resistance). * **Current breakout price:** ₹333.85 with strong momentum. --- ### 🎯 **Target Levels:** * **Measured move target:** ₹415.80 (as marked). * **Near-term resistance:** ₹376 (prior swing high). * **Support:** ₹325– (previous breakout level). --- ### 📊 **Volume & RSI Insights:** * **Volume:** Surge on breakout day – confirms buyer interest. * **RSI:** Clear bullish breakout above a downward-sloping trendline (marked in yellow arrow). --- ### 💡 **Takeaway:** BPCL has **confirmed a cup and handle breakout** above ₹325. If it sustains above this level, a move towards ₹376–₹415+ is probable in the coming weeks.
NSE:BPCLLong
by DailyCharts03
MRPL for 100% gainsDate: 17 Oct’24 Symbol: MRPL Timeframe: Daily Mangalore Refineries & Petrochemicals seems to be in final stages of Wave 4. If it goes down further from present level, 160 should hold well. Both rising volumes and divergence in RSI suggest accumulation in progress in the stock. Wave 5 can mount to around 330-340 (2X from current price of 169). I can review the target once it heads above 230 levels. This is not a trade recommendation. Please do your own analysis. HINGLISH VERSION Aisa lagta hai ki Mangalore Refinery and Petrochemicals Wave 4 ke antim charan mein hain. Yadi yah vartamaan star se aur neeche jaata hai, to 160 level ko hold karna chahiye. Badhti volume aur RSI mein vichalan donon hi stock mein accumulation ka sanket dete hain. Wave 5 lagabhag 330-340 (vartamaan keemat 169 se 2 guna) tak badh sakta hai. Ek baar 230 ke star se oopar pahunch jae to main iske target ki dubara sameeksha kar sakta hoon. Yah koi trade lene ki salah nahin hai. Kripya apna vishleshan svayan karen.
NSE:MRPLLong
by DhandhaPaani
BPCLAll important points are marked. 𝐃𝐢𝐬𝐜𝐥𝐚𝐢𝐦𝐞𝐫: 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐢𝐧 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞 𝐬𝐮𝐛𝐣𝐞𝐜𝐭 𝐭𝐨 𝐦𝐚𝐫𝐤𝐞𝐭 𝐫𝐢𝐬𝐤𝐬, 𝐫𝐞𝐚𝐝 𝐚𝐥𝐥 𝐭𝐡𝐞 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐝𝐨𝐜𝐮𝐦𝐞𝐧𝐭𝐬 𝐜𝐚𝐫𝐞𝐟𝐮𝐥𝐥𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐢𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠. 𝐒𝐭𝐨𝐜𝐤𝐬 𝐬𝐮𝐠𝐠𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐠𝐫𝐨𝐮𝐩 𝐚𝐫𝐞 𝐟𝐨𝐫 𝐞𝐝𝐮𝐜𝐚𝐭𝐢𝐨𝐧 𝐩𝐮𝐫𝐩𝐨𝐬𝐞. 𝐖𝐞 𝐝𝐨𝐧𝐭 𝐦𝐚𝐤𝐞 𝐚𝐧𝐲 𝐩𝐫𝐨𝐟𝐢𝐭𝐬 𝐟𝐫𝐨𝐦 𝐭𝐡𝐢𝐬 𝐫𝐞𝐜𝐨𝐦𝐦𝐞𝐧𝐝𝐚𝐭𝐢𝐨𝐧𝐬 𝐞𝐯𝐞𝐫𝐲𝐭𝐡𝐢𝐧𝐠 𝐬𝐡𝐚𝐫𝐞𝐝 𝐡𝐞𝐫𝐞 𝐚𝐫𝐞 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞𝐥𝐲 𝐨𝐟 𝐟𝐫𝐞𝐞 𝐨𝐟 𝐜𝐨𝐬𝐭.
NSE:BPCLLong
by sreekumars
Bullish Harami candlestick Pattern Seen near support zoneHello Everyone, i hope you all will be doing good in your trading and your life as well. I have brought a stock which has taken support near to important support zone and has formed bullish Harami (Pregnant Lady) candlestick pattern. Nifty is highly bullish so all the stocks giving participation in the rally, BPCL just have started. Behalf of this Harami candlestick pattern stock can react and take support in this zone and price can move upward from here. All the Targets, entry levels and the Stop loss has already mention on chart above. Please go through to know that. First let's discuss about this Bulish Harami Candlestick Pattern. Bullish Harami candlestick pattern is a price chart pattern that signals trend reversals in an ongoing bear market. Bullish Harami candlestick pattern is a two candlestick pattern in which there is a long bearish candlestick and small bullish candlestick pattern. About Bharat Petroleum Corporation is a public sector company which is engaged in the business of refining of crude oil and marketing of petroleum products. Presence Across Value Chain Retail (Petroleum) - The company owns 82 retail depots and operates ~20,000 retail outlets across India. Presently, it has a market share of ~26% in the domestic petroleum market. LPG - The company owns and operates 54 LPG bottling plants and serves over 6,200 distributors of LPG in India. It has a base of ~9 crore customers with a market share of 27%. Industrial/ Commercial - The company serves 8,000+ customers and provides them with a reliable supply of industrial and commercial petroleum products. Aviation - The company has 56 aviation service stations across airports in India and has a 21% market share in ATF (Aviation Turbine Fuel) in the domestic market. Lubricants - The company sells more than 400 grades of lubricant products through its own brand MAK Lubricants. It has a market share of ~25% through a base of over 18,000 customers. Gas - The company has a customer base of 55+ major LNG customers. The company undertakes this business through its wholly owned subsidiary Bharat Gas Resources Ltd which has business interest in 50 GAs (geographical areas). Market Cap ₹ 1,46,685 Cr. Current Price ₹ 338 High / Low ₹ 367 / 166 Stock P/E 7.53 Book Value ₹ 174 Dividend Yield 6.21 % ROCE 32.1 % ROE 41.9 % Face Value ₹ 10.0 Industry PE 10.4 Debt ₹ 54,599 Cr. EPS ₹ 43.9 Promoter holding 53.0 % Intrinsic Value ₹ 352 Pledged percentage 0.00 % EVEBITDA 5.25 Change in Prom Hold 0.00 % Profit Var 5Yrs 28.2 % Sales growth 5Years 8.48 % Return over 5years 7.77 % Debt to equity 0.72 Net profit ₹ 19,056 Cr. ROE 5Yr 23.0 % Profit growth -2.86 % Earnings yield 15.5 % PEG Ratio 0.27 Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:BPCLLong
by TraderRahulPal
4
BPCL - BHARAT PETROLEUM CORP LTD🔊 BPCL - BHARAT PETROLEUM CORP LTD ⌛Trade Type - Swing Trade (1 week to 2 week) 📊📈 Trade Logic - VCP Pattern CMP - 356.45 Time Frame - Daily 🎯Target 1 : 375 🎯Target 2 : 390 🎯Target 3 : 400 🎯Target 4 : 420 🛑 Stop : 340 🏆 Risk/Reward Ratio (1: 4) Disclaimer: The stock information shared above is not a recommendation to buy, sell, or hold. It reflects my own analysis and is intended solely for educational purposes. Any actions you take based on this information are your responsibility, and the admin of this channel is not liable for any financial gains or losses. Please consult a financial advisor before making any investment decisions. I am not a SEBI-registered advisor.
NSE:BPCLLong
by Profit_Trader25
3
BPCL Trade Analysis for Buy using Wyckoff method.Wyckoff Story Prior to trading range we were in uptrend and then we have Stoping action and CHoCH (Change of character). Let’s assume our bias is accumulation based on CHoCH as we don’t see lot of supply in the CHoCH. Down wave Analysis We can see that the volatility of the down wave is decreasing from Phase A to Phase D, confirming the accumulation Bias. Volume Analysis In Phase B we see increase in supply but the price is not able to go below the trading range, lot of effort to push the price down but fails, indicating effort vs result is not synced. Confirming the accumulation bias. We have supply decrease from Phase A to Phase C indicating supply is being absorbed. Sign of Strength we have Major sign of strength in phase D with good demand volume indicating institutions are present in buying. Final View Bullish on stock with entry marked on the chart
NSE:BPCLLong
by ksujit08
Bharat Petroleum Corporation Ltd - Positional TradeDate : 10-May-2024 Rating : Buy - Positional Trade LTP : Rs. 618.65 Targets: (1) Rs. 687 --> (2) Rs. 770 SL : Rs. 580 on daily close basis Technical View: • NSE:BPCL is in its primary uptrend and was recently going through it's secondary downtrend. • After touching the high of 687.95 on 16-Feb-2024, it has retraced 19% to 556.40 level. • On 29-Apr-2024, NSE:BPCL has broke out from its secondary down trend with high volume and re-tested the down trend line twice, on 30-Apr and 9-May. • NSE:BPCL has also closed above 20 DMA, 50 DMA and 21 DEMA on 10-May-2024. • RSI is trading at 53.91 and MACD is trading at 4.01. • Looking good to start a new swing from here. Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. Ideas are published for learning purpose only.
NSE:BPCLLong
by vikrant_252
1