Bullish Harami candlestick Pattern Seen near support zone

23 Sep

Hello Everyone, i hope you all will be doing good in your trading and your life as well. I have brought a stock which has taken support near to important support zone and has formed bullish Harami (Pregnant Lady) candlestick pattern. Nifty is highly bullish so all the stocks giving participation in the rally, BPCL just have started. Behalf of this Harami candlestick pattern stock can react and take support in this zone and price can move upward from here. All the Targets, entry levels and the Stop loss has already mention on chart above. Please go through to know that.

First let's discuss about this Bulish Harami Candlestick Pattern.

Bullish Harami candlestick pattern is a price chart pattern that signals trend reversals in an ongoing bear market. Bullish Harami candlestick pattern is a two candlestick pattern in which there is a long bearish candlestick and small bullish candlestick pattern.

About
Bharat Petroleum Corporation is a public sector company which is engaged in the business of refining of crude oil and marketing of petroleum products.

Presence Across Value Chain

Retail (Petroleum) - The company owns 82 retail depots and operates ~20,000 retail outlets across India. Presently, it has a market share of ~26% in the domestic petroleum market.

LPG - The company owns and operates 54 LPG bottling plants and serves over 6,200 distributors of LPG in India. It has a base of ~9 crore customers with a market share of 27%.

Industrial/ Commercial - The company serves 8,000+ customers and provides them with a reliable supply of industrial and commercial petroleum products.

Aviation - The company has 56 aviation service stations across airports in India and has a 21% market share in ATF (Aviation Turbine Fuel) in the domestic market.

Lubricants - The company sells more than 400 grades of lubricant products through its own brand MAK Lubricants. It has a market share of ~25% through a base of over 18,000 customers.

Gas - The company has a customer base of 55+ major LNG customers. The company undertakes this business through its wholly owned subsidiary Bharat Gas Resources Ltd which has business interest in 50 GAs (geographical areas).

Market Cap
₹ 1,46,685 Cr.
Current Price
₹ 338
High / Low
₹ 367 / 166
Stock P/E
7.53
Book Value
₹ 174
Dividend Yield
6.21 %
ROCE
32.1 %
ROE
41.9 %
Face Value
₹ 10.0
Industry PE
10.4
Debt
₹ 54,599 Cr.
EPS
₹ 43.9
Promoter holding
53.0 %
Intrinsic Value
₹ 352
Pledged percentage
0.00 %
EVEBITDA
5.25
Change in Prom Hold
0.00 %
Profit Var 5Yrs
28.2 %
Sales growth 5Years
8.48 %
Return over 5years
7.77 %
Debt to equity
0.72
Net profit
₹ 19,056 Cr.
ROE 5Yr
23.0 %
Profit growth
-2.86 %
Earnings yield
15.5 %
PEG Ratio
0.27


Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.

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27 Sep

Catatan

BPCL given breakout of previous resistance zone and successfully sustaining above to that level, volumes are giving more positivity on chart, this is getting ready towards our 2nd target, soon it will hit..