Sector : 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:...
Entry: 223
Target: 270
SL: 209
Pattern: C&H/FLAG & POLE
EMA's : EMA 10 > EMA 21 > EMA 50 > EMA 150 > EMA 200.
Flag: Price breaking out from 5 week C&H pattern.
Pole: Price Up by 30 % before forming C&H/Flag pattern.
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....
I 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
Disclaimer: It should not be...
