BPCL looking strong on Weekly Charts. Bharat Petroleum Corp. Ltd. is a holding company, which engages in the business of refining of crude oil and marketing of petroleum products. It operates through the Downstream Petroleum and Exploration & Production (E&P) segment. The Downstream Petroleum segment includes the refining and marketing of petroleum products. The E&P segment focuses on hydrocarbons.
Bharat Petroleum Corp. Ltd. Closing price is 293.20. The positive aspects of the company are Very Attractive Valuation (P.E. = 9.3), Companies with reducing Debt, Companies with Zero Promoter Pledge, Stocks Outperforming their Industry Price Change in the Quarter, Growth in Net Profit with increasing Profit Margin and MFs increased their shareholding last quarter. The Negative aspects of the company are Declining Net Cash Flow : Companies not able to generate net cash and Companies with growing costs YoY for long term projects.
Entry can be taken after closing above 296 Historical Resistance in the stock will be 306, 319 and 330. PEAK Historic Resistance in the stock will be 345, 355 and 366. Stop loss in the stock should be maintained at Closing below 261 or 234 depending upon your risk taking ability.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
