Pattern:- Evening Star.
Result:- Indicaton of Bearish sentiment.
Entry:- Breakout of the low of the current candle (below 432)
Pro tip:- Wait for a breakout of the range 432-430 for the entry.
Target:- 408, 402
SL:- 439
Prices in spot
Hello Traders,
Hindustan Petroleum has Started rising again & given the breakout above the 415 retest zone.
Plan out for a swing trade.
Boollinger Band Expansion on hourly chart with volumes, can give better targets.
Educational Purpose only
Thank you
Prince
Hindpetro's bullish breakout on the daily chart suggests strong upward momentum and the potential for further gains. Traders may look to capitalize on this opportunity by entering on confirmation of the breakout, targeting higher resistance levels while keeping an eye on the previous resistance as a new support zone.
📊 Script: HINDPETRO
📊 Sector: Refineries
📊 Industry: Refineries
Key highlights: 💡⚡
📈 Script is trading at upper band of BB.
📈 MACD is giving crossover .
📈 Double Moving Averages are giving crossover.
📈 Right now RSI is around 68.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 407
🟢 Target 🎯🏆 - 432
⚠️ Stoploss ☠️🚫 - 393
⚠️ Important: Always maintain your Risk &...
Date: 21st Aug 2024
Time: 1:34 PM
Why HINDPETRO?
1. All over its a Bullish Stock with Good Fundamentals.
2. Recently made Flag Pattern and broke it as we can see in Chart ⬆️
3. Also, something is not visible in chart is Cup & Handle Pattern in Weekly and Monthly TFs.
1st Target will be 525 Rs with SL of 375 Rs from CMP.
Hindpetro also similar line like BPCL
HIndpetro BAMM Active B point crucial now
If red line broken then fall will be there till D point
D point is good investment pick
Sharing this idea only for educational purpose
📊 Script: HINDPETRO
📊 Sector: Refineries
📊 Industry: Refineries
⏱️ C.M.P 📑💰- 350
🟢 Target 🎯🏆- 371
⚠️ Stoploss ☠️🚫 - 341
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat...
📊 Script: HINDPETRO
📊 Sector: Refineries
📊 Industry: Refineries
Key highlights: 💡⚡
📈 Script is forming Triple Bottom on Weekly Chart, it has given breakout once and again it retested.
📈 Script is trading near neck line of Triple Bottom which is around 492.
📈 Keep an eye on stock, we may see breakout of it and some good rally into the stock.
📈 One can go for...
NSE:HINDPETRO
Good to keep on the radar
Always respect SL & position sizing
Expecting good strength above 503
========================
Trade Secrets By Pratik
========================
Disclaimer
SEBI UNREGISTERED
This is our personal view and this analysis
is only for educational purposes
Please consult your advisor before
investing or trading
You are solely...
Two methods to project the Targets while trading based on SYMMETRIC TRIANGLE PATTERN
HINDPETRO Analysis on Weekly Timeframe!
Symmetric Triangle formation in HINDPETRO on Weekly Timeframe
Symmetric Triangle Resistance Trendline Breakout
HINDPETRO has made symmetric Triangle pattern on Weekly Timeframe. HINDPETRO is forming Symmetric Triangle Pattern about 6...
Hindustan Petroleum Corporation Ltd is mainly engaged in the business of refining of crude oil and marketing of petroleum products, production of hydrocarbons as well as providing services for management of E&P Blocks.
- Stock is trading at 0.96 times its book value.
- Stock P/E 2.63
- Running on Lowest P/E ever.
- sept. quater net profit nearly 6000cr, 2nd...
📊 Details
Hindustan Petroleum Corporation Ltd is mainly engaged in the business of refining of crude oil and marketing of petroleum products, production of hydrocarbons as well as providing services for management of E&P Blocks.
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
If you found this...
Elliott Wave Analysis:-
Both correction and impulse wave we are expecting a correction.
once correction get ended an impulse take place.
View 1:-
There is also expected an impulse wave i) completed and a correction wave ii) was almost over if raise start then impulse wave iii) is expected to move on.
View2:-
Correction wave was still pending and a low...
Elliott Wave Analysis.
Both correction and impulse wave we are expecting a correction.
once correction get ended, an impulse wave will enlight the move.
View 2:-
There is also expected an impulse wave i) completed and a correction wave ii) was almost over if raise start then impulse wave iii) is expected to move on.
I'm not a SEBI registered...
