BPCL 1D Time frame

179
📊 Current Snapshot

Closing Price: ₹329.55

Day's Range: ₹324.80 – ₹334.00

52-Week Range: ₹234.01 – ₹376.00

Market Capitalization: ₹1,42,975 Crores

Volume: Approximately 10 million shares traded

P/E Ratio: 8.14

Dividend Yield: 2.99%

⚙️ Technical Indicators

Relative Strength Index (RSI): 60.31 – Neutral to slightly bullish

Moving Average Convergence Divergence (MACD): 0.29 – Neutral

Moving Averages: Short-term averages (5, 10, 20, 50, 100, 200-day) are above the current price, indicating potential resistance.

Pivot Points: Central pivot around ₹322.30, suggesting a balanced market sentiment.

🎯 Possible Scenarios

Bullish Scenario: A breakout above ₹328.25 with strong volume could target ₹331.80 and higher levels.

Bearish Scenario: Failure to hold above ₹325.85 may lead to a decline toward ₹322.30.

⚠️ Key Considerations

Market Sentiment: BPCL has shown strong performance recently, but broader market conditions can impact its movement.

Volume Analysis: Watch for volume spikes to confirm breakout or breakdown signals.

Technical Indicators: While the RSI indicates a neutral to slightly bullish stance, the MACD and moving averages suggest caution.

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