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Technicals for Bharat Petroleum Corporation Limited
By MusingTheNews
2025-05-30 20:26
Overall Technical outlook
Price Summary
On 2025-05-30, Bharat Petroleum Corporation Limited's stock began at 317.55, peaked at 322.4, bottomed at 317.0, and closed 0.27% up at 318.4, with a volume of 9145715 shares. In the last 52 weeks, the stock's top price was 369.95 and the bottom price was 237.3. 32 analysts predict that the future price of BPCL will be in the range of 220.0 to 481.0, with a mean expected price of about 351.4375.
Technicals
Support and Resistance: The price of 318.4 is supported at 307.45 and encounters resistance at 322.95. This suggests key levels where the price might find stability, with 307.45 providing a base and 322.95 acting as an upper boundary for BPCL. Support/Resistance for BPCL
Aroon: The current reading of the AROON 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. Aroon chart for Bharat Petroleum Corporation Limited
Bol. Bands: The BOLL BANDS is showing a neutral reading, with no clear direction indicated for upward or downward movement. This neutral position suggests a possible period of consolidation. Bolinger Bands chart for Bharat Petroleum Corporation Limited
Parabolic SAR: The PSAR remains bullish, establishing a key support level that could help uphold the market's upward trajectory. This persistent bullish outlook suggests that the market may continue to rise, with the support providing a foundation for further gains. Parabolic Stop and Reverse chart for Bharat Petroleum Corporation Limited
Stochastic: The STOCHASTIC is currently neutral, showing no clear bias toward a rising or falling trend. This lack of directional clarity suggests that the market may be in a holding pattern, awaiting further developments. Stochastic chart for Bharat Petroleum Corporation Limited
Tripple Moving Agerage: The alignment of the 20, 50, and 100 moving averages indicates a bearish trend for BPCL, but the wavering slopes of the 20 and 50 SMAs suggest that this momentum may be fading. This weakening could be a precursor to a bullish reversal, as the market's current downtrend shows signs of losing steam. Investors may soon see a shift towards more positive price action as the trend begins to change. 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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