Long term bullish with VCP/ Cup and Handle play in mid termFor India to become to grow Energy Independence will be the key lever. It starts from expanding Upstream capacity in Oil - which is where HindOil plays.
We are in 3 of Long term (Monthly) and 3 of mid term (weekly) with 3 of short term (daily) just finished.
Look for reversal signals to enter and enjoy the ride.
Short term target 415. No SL required - ride till 2030. :)
Hindoilexploration
HINDOILSector : Oil & GAS
MCAP : Small Cap
Industry : Oil Exploration & Production
Challenges:
Hydrocarbon Exploration Risk: Finding commercially viable oil and gas reserves is inherently risky and involves significant upfront investment.
Fluctuating Energy Prices: The global oil and gas prices can be volatile, impacting HOEC's revenue stream.
Government Regulations: The oil and gas industry is subject to various government regulations concerning exploration, production, and environmental impact.
Core Activities:
Exploration: HOEC explores for oil and gas reserves onshore and offshore in India. They utilize geophysical studies, seismic surveys, and exploratory drilling to identify potential hydrocarbon deposits.
Development and Production: Once a viable oil or gas reserve is discovered, HOEC works on developing the field to extract the resources efficiently. This involves activities like building platforms, drilling production wells, and installing pipelines for transportation.
Sale of Hydrocarbons: The extracted crude oil and natural gas are then sold to refineries or other companies for processing and distribution. HOEC's revenue comes from the sale of these produced hydrocarbons
My Take : If Crude Price rally that will benefit this stock
First Enty @ 159
Allocation : 1%
HINDOILEXP - Ichimoku Bullish Breakout Stock Name - Hindustan Oil Exploration Company Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 208
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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Hindoilexp LongI hope you can now see how Hindoilexp represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Thank You
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