BPCL Levels As of December 26, 2024, Bharat Petroleum Corporation Limited (BPCL) closed at ₹295.50.
Support and Resistance Levels:
Resistance Levels:
R1: ₹299.08
R2: ₹302.57
R3: ₹305.83
Support Levels:
S1: ₹292.33
S2: ₹289.07
S3: ₹285.58
These levels suggest that if BPCL's stock price rises, it may encounter resistance around ₹299.08 to ₹305.83. Conversely, if the price declines, it may find support between ₹285.58 and ₹292.33.
Technical Indicators:
Moving Averages:
5-Day Average: ₹290.60
20-Day Average: ₹295.65
50-Day Average: ₹305.38
200-Day Average: ₹418.84
The stock is trading below its 50-day and 200-day moving averages, indicating a bearish trend.
MACD (12,26,9):
MACD Line: 293.49
Signal Line: 297.32
Histogram: -3.8
The negative MACD value suggests bearish momentum.
ADX (14):
ADX Value: 21.13
+DI (Positive Directional Indicator): 13.78
-DI (Negative Directional Indicator): 21.16
An ADX value around 21 indicates a weak trend, with the negative directional indicator suggesting selling pressure.
RSI (14):
RSI Value: 41.77
An RSI below 50 indicates bearish momentum.
Please note that stock prices are influenced by various factors, and past performance does not guarantee future results. It's advisable to conduct thorough research or consult a financial advisor before making investment decisions.
