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HINDPETRO

Hindustan Petrol on the Verge of a Breakout: Time to BuyHindustan Petrol Buying Recommendation Introduction: This report aims to provide a technical analysis of Hindustan Petrol stock and a recommendation for buying the stock in the short term. The analysis is based on the latest charts and indicators and is intended for investors and traders who are looking to capitalize on market movements. Background: Hindustan Petroleum Corporation Limited (HPCL) is an Indian state-owned oil and natural gas company. The company's stock is listed on the National Stock Exchange of India (NSE) and is widely followed by investors and traders. Analysis: The Hindustan Petrol stock has been in a range-bound pattern for the past few months, but recent price action suggests that the stock may be breaking out. The stock has been trading in a range between 240 and 246.20, and a breakout above 246.20 could signal a short-term trend reversal. The technical indicators are also pointing to a potential buying opportunity. The Relative Strength Index (RSI) has been trending higher and is currently at oversold levels, indicating that the market is oversold and may be due for a rebound. Additionally, the Moving Average Convergence Divergence (MACD) histogram has crossed above the zero line, suggesting that the trend is gaining momentum. Furthermore, price action on the chart shows that the stock has reached a strong support level and is showing signs of a potential reversal, with bullish cand formation. Recommendation: Based on the analysis above, we recommend buying Hindustan Petrol stock if it breaks 246.20 levels, with a stop loss of 240 and a target 1 of 246.20 and target 2 of 252.90. This strategy aims to capitalize on a short-term trend reversal and capture potential profits as the market rebounds. Disclaimer: It's essential to keep in mind that the market is highly volatile and unpredictable. Therefore, it's recommended to keep a close eye on the price action, and use stop loss and take-profit levels to minimize risk and maximize returns. The time frame for this analysis is 23rd January 2023, and it's important to conduct your own research and analysis before making any investment decisions, and always consult a financial advisor before taking any action. Conclusion: In conclusion, Hindustan Petrol stock appears to be breaking out of a range-bound pattern and may be due for a short-term rebound. Technical indicators and price action on the chart also suggest a potential trend reversal. Therefore, buying Hindustan Petrol stock if it breaks 246.20 levels with a stop loss of 240 and a target 1 of 246.20 and target 2 of 252.90 is a recommended strategy for traders and investors looking to capitalize on market movements in the short term.
NSE:HINDPETROLong
by EntryandExit
HINDUSTAN PETROLEUM CORPORATION LTD - Keep an Eye + Cup & Handle📊 Script: HINDPETRO (HINDUSTAN PETROLEUM CORPORATION LIMITED) 📊 Nifty50 Stock: NO 📊 Sectoral Index: NIFTY 500 , NIFTY MIDCAP 📊 Sector: Energy Oil Gas & Consumable Fuels 📊 Industry: Petroleum Products Refineries & Marketing Time Frame - Daily Script is forming Cup & Handle Pattern as shown in a chart. Key highlights: 💡⚡ 📈 Script is trading at upper band of Bollinger Bands (BB). 📈 MACD giving crossover. 📈 Double Moving Averages also giving crossover. 📈 Volume is increasing along with price. 📈 Keep an eye on Script, it may give breakout of Cup & Handle Pattern. 📈 Current RSI is around 63. 📈 One can go for Swing Trade ONLY ABOVE 254 . BUY ONLY ABOVE 254 ⏱️ C.M.P 📑💰- 249.95 ⚠️ Important: Always maintain your Risk & Reward Ratio. ⚠️ Purely technical based pick. ✅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🔁 Happy learning with trading. Cheers!🥂
NSE:HINDPETROLong
by radha_23
hindpetro analysis BULLISH MODEhi traders., 1.hindpetro inverted h&s pattern breakout in day chart.., its formed in bottom of the channel 2. also long term its traded in channel ..,as per channel rule it has to come top of the channel., so we got a double conformation.., 3. over all bullish mode stop below 240 ( buy around 245- 250 ) first target 270 -275 and next target around 280 -285 target period 15 days 4.strong bullish close on weekly chart.., also today they declare result hope it will boom on monday .
NSE:HINDPETROLong
by sathiyans31
6
#hindpetro #hindustanpetrol Harmonic SupportNSE:HINDPETRO Targets Mentioned on chart (black doted horizontal ray). 📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns. 📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone). ******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
NSE:HINDPETROLong
by linesandlevels