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Technicals for Bharat Petroleum Corporation Limited
By MusingTheNews
2026-02-02 20:26
Overall Technical outlook
Price Summary
Bharat Petroleum Corporation Limited's shares jumped 3.88% today, reflecting a fantastic day on the market. On 2026-02-02, BPCL's stock started at 353.0, reached a high of 367.6, fell to 351.0, and ended 3.88% higher at 366.7, with 12036313 shares traded. In the last 52 weeks, the stock's top price was 384.0 and the bottom price was 237.3. 32 analysts forecast that the price of BPCL will range from 300.0 to 530.0, with an average expected price near 416.59375.
Technicals
Support and Resistance: With the current price at 366.7, support is found at 364.7 and resistance at 374.25. These levels indicate where buyers might step in at 364.7, while sellers could limit gains at 374.25, defining a trading boundary for Bharat Petroleum Corporation Limited. Support/Resistance for BPCL
Aroon: The current state of the AROON is neutral, offering no clear signals of movement in either direction. This suggests a potential pause in market activity, with no strong trend emerging at the moment. Aroon chart for Bharat Petroleum Corporation Limited
Bol. Bands: The BOLL BANDS is currently neutral, offering no clear guidance on market direction. This suggests that the market may be in a state of pause, with no strong trend emerging. Bolinger Bands chart for Bharat Petroleum Corporation Limited
Parabolic SAR: The PSAR remains bullish, setting a strong support level that could underpin further upward movement. This persistent bullish outlook suggests that the market may continue its positive trajectory, with the established support acting as a safety net. Parabolic Stop and Reverse chart for Bharat Petroleum Corporation Limited
Stochastic: The stochastic indicator is in a bullish phase, as the K-line is above the D-line and the 80 mark. This setup suggests strong upward momentum, implying that BPCL may continue to experience gains. Investors may consider this a positive signal for continued market growth. Stochastic chart for Bharat Petroleum Corporation Limited
Tripple Moving Agerage: The current reading of the Tripple MOVING AVG is neutral, offering no clear signals for a movement in either direction. This suggests that the market may be in a holding pattern, with no dominant trend in place. Tripple SMA chart for Bharat Petroleum Corporation Limited
When evaluating a company's technical indicators like price trends and trading volume, it's important to also assess its fundamentals. Key factors include the company's profitability, growth rate, and financial stability. Furthermore, considering the industry within which the company operates provides additional context, as factors like competition and market demand can affect performance. By combining this analysis, you can make more informed judgments about the company's future prospects.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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