BPCL NEWS why is Bharat Petroleum Corporation Limited price falling or rising

BPCL NEWS reasons for why stock price of Bharat Petroleum Corporation Limited is falling or rising

BPCL Bharat Petroleum is falling or rising technical reasons

Technical analysis forecast for Bharat Petroleum Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Bharat Petroleum BPCL at this time. Stock is falling and might fall more.

It appears as if Bharat Petroleum BPCL gave a large move recently.

Stock of Bharat Petroleum (BPCL) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

Although my analysis for Bharat Petroleum is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 430.1, for a target of 516.7 or 588.97

BPCL Bharat Petroleum is falling or rising NEWS fundamental reasons

Company Announcement Bharat Petroleum Corporation Limited has informed the Exchange about Loss of Share Certificates - NEWS as on 2024-06-21

Company Announcement - NEWS as on 2024-06-21

BPCL to invest Rs 1,400 cr to set up sustainable aviation fuel facilities The company operates three refineries located in Mumbai, Kochi, and Bina (Madhya Pradesh), with collectively refining capacity of 35.3 million metric tonnes per annum - NEWS as on 2024-06-18 business-standard.com

From Hero MotoCorp to BPCL, Rs 1 trillion mcap club wears a new look The surge in companies with a trillion-dollar market cap is attributed to the market's overall gains - NEWS as on 2024-06-17 business-standard.com

Company Announcement Bharat Petroleum Corporation Limited has informed the Exchange about Copy of Newspaper Publication - NEWS as on 2024-06-14

BPCL adds fuel to capex fire, hires I-bank for Rs 31,000 crore loan Bharat Petroleum Corp Ltd has mandated SBI Capital Markets to arrange a Rs 31,000 crore loan for the planned capital expenditure at its Bina refinery complex in Madhya Pradesh. - NEWS as on 2024-06-13 indiatimes.com

Bharat Petroleum seeks Rs 31,000 crore loan for Bina refinery expansion SBI Capital Markets has been appointed to secure the loan required for Bina refinery expansion, which is estimated to cost nearly Rs 20,000 crore - NEWS as on 2024-06-13 business-standard.com

More announcements and NEWS

BPCL Bharat Petroleum Corporation Limited current price & indicator signals

Moving Averages for Bharat Petroleum Corporation Limited

  • 5Day Average: 561.44
  • 12Day Average: 584.56
  • 20Day Average: 605.24
  • 50Day Average: 608.77
  • 100Day Average: 603.93
  • 150Day Average: 551.3
  • 200Day Average: 501.68

BPCL Indicators & signals

Indicator MACD (12,26,9)

570.76, 595.25, -5.39
Indicator MACD is in negative zone

Indicator ADX (14)

73.24, 9.85, 63.76
Indicator ADX is indicating that momentum is still strong.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 20
Indicator RSI is indicating selling pressure and stock might fall.

Recent prices of BPCL Bharat Petroleum Corporation Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
21 Fri Jun 2024 307.60 305.10 to 319.00 -50.88% 2.92 times
20 Thu Jun 2024 626.25 612.80 to 628.80 1.7% 0.88 times
19 Wed Jun 2024 615.80 615.00 to 634.20 -2.39% 0.96 times
18 Tue Jun 2024 630.90 626.40 to 635.00 0.68% 0.77 times
14 Fri Jun 2024 626.65 618.25 to 629.30 1.18% 0.71 times
13 Thu Jun 2024 619.35 613.50 to 621.50 0.98% 0.59 times
12 Wed Jun 2024 613.35 612.45 to 623.85 1.01% 1.14 times
11 Tue Jun 2024 607.20 593.60 to 612.70 0.76% 1.32 times
10 Mon Jun 2024 602.60 600.25 to 609.85 0.47% 0.72 times
07 Fri Jun 2024 599.80 581.20 to 602.00 2.68% 1.05 times
06 Thu Jun 2024 584.15 580.25 to 607.45 0.52% 1.85 times
05 Wed Jun 2024 581.10 534.20 to 602.05 0.16% 2.31 times

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