The market cap of BPCL is 21938.38 Cr., the EPS(TTM) is 36.36 , the P/E ratio is 16.69 and that of industry is 9.58.
Weekly Chart
Weekly Chart
Weekly chart of BPCL shows that it has started to rise after correction.It is trading between the support provided by the 100 week simple moving average at thelevelof 584.25 and resistance at the level of 627.MACD is about to cut signal line in above direction.The RSI is rising, Stochastic %D has crossed the Smoothed %D in above direction near the 20% leve, giving the buy signal.
Daily Chart
Daily chart of BPCL shows that the stock is correcting in the short term say since the last three days.The stock will take support at the levels of range 575.84 to 584.25, the support provided by the 20 day and 50 day simple moving averages respectively. The MACD is showing bullish signs while the RSI and Stochastic shows that the stock is overbought as both are above the 70% and 80% levels respectively and are in the downward direction showing correction in short term.After taking support at the levels 575.84 to 584.25,it will regain it's upward move towards 627 levels.
Recommendation: One must buy this stock at a level of 584 after correction and stock is moving in upwards direction for a target of 627 with a stop loss of 3 to 5%.
Recommendation: One must buy this stock at a level of 584 after correction and stock is moving in upwards direction for a target of 627 with a stop loss of 3 to 5%.
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