BPCL stock analysis 2014

BPCL stock analysis 2014

BPCL stock daily chart

BPCL stock daily chart analysis

BPCL stock on last trading session closed at 454 with loss. On daily chart, BPCL stock is in uptrend but momentum is now weak as prices hit by profit booking. On chart 408 is major level of watch and above it, short-term outlook for stock will remain bullish. From short-term view, BPCL stock support zones are 445 and 428. While on upside 470 and 492 are strong resistances. Daily chart indicators pattern are bearish and suggesting downside for stock in upcoming sessions.

Traders here expect correction up to 420-430 and then only enter long while future traders can short this stock with stop loss of 470.

BPCL stock weekly chart

BPCL stock weekly chart analysis

BPCL stock this week is showing loss and trading in red with “doji formation” on weekly chart. Weekly chart price trend and momentum still bullish but facing strong supply from market at 460-rupee resistance.

From medium to long term view, BPCL stock has supports at 380 and 305 rupees while on upside 460 and 530 rupee are strong resistances. 370380 rupee is major averages zone from medium term view and above it, traders and investors keep accumulation strategy on correction for targets 460, which is achieved, then 530. Weekly chart indicators patterns are mixed suggesting correction and consolidation ahead.

BPCL stock performance chart

BPCL stock monthly chart analysis

BPCL stock in last 6 month had given 28% return to investors while market showing gains of 5-6% in same period. Stock is Clear outperformer with hefty gains in very short terms. BPCL stock is fundamentally not so strong on changing govt. policies and subsidies factors. By valuation means also not so good.

On monthly chart, 340 rupee was breakout level and 480 rupee was 6 month target which is already achieved above it 615 is next target level for investors for next 12 to 24 months. 345 is stop loss level for investors. 200-230 rupee was best buy zone, which was last seen in 2012 while 70-100 rupee was undervalued zone, which was seen in 2008 crash.

BPCL company description

Bharat Petroleum Corporation Limited (BPCL) is an energy company. BPCL operates in two segments: downstream petroleum, which is engaged in refining and marketing of petroleum products, and exploration and production of hydrocarbons (E&P). The Company’s refinery units include Mumbai Refinery, Kochi Refinery, Numaligarh Refinery and Bina Refinery. The Company’s products include gases, which includes poly propelene feed stock, natural gas, liquefied petroleum gas (LPG) and bharat metal cutting gas; fuels, which includes marine fuels, white oils and black oils; solvents and special products; bitumen; lubricants, and sulphur. Its marketing infrastructure includes installations, depots, retail outlets, aviation service stations and LPG distributors. During the fiscal year ended March 31, 2012 (fiscal 2012), it produced crude throughput at 26.72 million metric tons. During fiscal 2012, its subsidiary acquired participating interests (PI) in two onland blocks under the NELP IX Bid round.

BPCL stock fundamental ratios
Range    -
52 week255.95 – 493.70
Open    -
Vol.0.00
Mkt cap328.79B
P/E51.84
Div/yield11.00/2.42
EPS8.77
Shares723.08M
Beta-
Inst. own-

Updated: May 1, 2014 — 4:31 PM

The Author

Pramod Baviskar

Professional Financial Market Trader and Adviser Working since 2007 Developer of Trade-master™,Future-master™,Option-master™ and Now Signal-Pro™(Professional Trading system for Amibroker software) Working and Developing Auto-trading robots for various Financial Market. Follow Me on : Facebook-Twitter-Google-YouTube-Pinterest

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