BPCL trade ideas
Bharat Petroleum Corporation Limited (BPCL) S&RFor Bharat Petroleum Corporation Limited (BPCL), here are the current support and resistance levels based on recent market data:
Support Levels:
First Support (S1): ₹346.35
Second Support (S2): ₹310.60
Resistance Levels:
First Resistance (R1): ₹370.50
Second Resistance (R2): ₹379.60
BPCL view for Intraday 30th September #BPCLBPCL view for Intraday 30th September #BPCL
Buying may witness above 370
Support area 365. Below ignoring buying momentum for intraday
Selling may witness below 364
Resistance area 370
Above ignoring selling momentum for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
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.
BPCL BPCL has shown a significant bullish breakout
#BPCL
BPCL has shown a significant bullish breakout after forming a double bottom pattern.
The stock has broken a critical resistance level around 360, supported by strong volume.
Potential upside towards ₹375-390 in the short term, making it attractive for swing traders.
Key support levels to watch are *340 and 310, with a stop-loss recommended at *340 to manage risk.
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.
STOCK IN DOWNTREND: BPCLBPCL has been in a downtrend for sometime.
The stock has been trading in a tight range of 322 to 362.
As per DARVAS BOX theory, it has reached the bottom of the box.
There are two possibilities, either it can sustain the 330 - 322 levels or rise again to 362 levels.
However, volume profile is weak and keep falling continuously.
The fall in price could be attributed to decrase in profit in the last quarter.
Fundamentally, the operating profit has considerably decreased from Rs. 8,955 Cr. in Mar 2024 to Rs. 5,627 Cr. in Jun 2024.
Longterm investors and swing traders can consider entering the stock with appropriate stop loss.
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.
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
BPCL FOR TARGET 327 - 345Bharat Petroleum Corporation Limited is an Indian public sector undertaking under the ownership of the Ministry of Petroleum and Natural Gas, Government of India.
I do see 2 big events for BPCL (Earnings and Annual budget) so i am bullish on BPCL.
Stock already consolidated since Feb 2024, and this is opportunity for BPCL for all-time high.
CMP : 316
TARGET : 340+
SL : 294
Note: This is not any stock recommendation, it only for educational purpose.