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HINDPETRO

⛽ #Hindpetro Swing Opportunity 🎯NSE:HINDPETRO 📌 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
All About 200MA |How to use it to take trade with example.Part-2NSE:HINDPETRO All About 200 DMA. How to use it to take Mid/Long term trade. 1) What is 200DMA? It is simple technical analysis tool that is and average of daily close price of last 200days/candles. It is used to smooth out the price and it will remove the intraday fluctuation noise. 200DMA --> 200 Daily Moving Average 2) 200DMA is the one of the main critical support/resistance that it will work in downtrend or in uptrend. ------------------------------------------------------------------------- How to use it and how to take long term trade? 200DMA as support: If price is above 200DMA then it will work as Support and it is time to buy trade opportunity. Please refer below chart: 1Day Time Frame 200DMA as resistance: If price is below 200DMA then it will work as resistance and it is time to short/sell trade opportunity. Please refer below chart: 1Day Time Frame ------------------------------------------------------------------------- Strategies to Enter and Exit in Trade. Step: 1 Need to find Chart pattern on Daily Time frame, such as bullish flag, triangle, rounding bottom, cup and handle head and shoulder etc… Step: 2 If there is no clear pattern, then judge the price action. If it is trading in uptrend/downtrend parallel channel, if it is in accumulation, if it is in distribution etc…. Step: 3 Find Support and Resistance on Chart Once these 3 steps are clear you have most of all for mid/long term trade. ------------------------------------------------------------------------- NOW Let’s look at example. I am taking HINDPETRO for example. ------------------------------------------------------------------------- For Sell Trade Let’s take Step: 1 So, in below chart we found one pattern which is double top pattern . And it has neckline of 400 level range. Which means on breakdown of 400 level range it will be in down trend/bearish. Please refer below chart: 1Day Time Frame Step 2 is not needed as we already found Pattern. But since we can see the trend is downtrend as we can see long red candle bodies and smaller green candles in comparison. Please refer below chart: 1Day Time Frame Step 3: Please refer below chart for Support and resistance level. We can see that it is having immediate support at 400 level which will be the neckline of double top pattern. And the next level 380 will work as major support, as previously it worked as resistance. One could have taken short trade on breakdown of 400 level with quick target of 380 level only. But safe short trade will be on sustainable breakdown of 380 level. Please refer below chart: 1Day Time Frame ------------------------------------------------------------------------- Now the main point about Target: What can be the Target. There can be two targets 1) Target w.r.t to double top pattern. So it comes as 92 points down from the neckline which will come as 308 level range. Please refer below chart: 1Day Time Frame 2) Targe w.r.t to 200DMA breakdown. In this we have to go back in recent past from where it took support from the 200DMA and find the points it raises from it in uptrend. And the target will be minimum of 60% of those point on downside once it gives breakdown of 200DMA. So, we can see recent rise of 160 points from 200DMA and for downside target we can consider minimum of 60% of these 160 points as our downside target which will be 96 points. Hence our target will come as 304 level. In some cases the target will be same as the rise. SL can be 420 and target will be 304 level. So our Risk reward ratio will be 96 (target points from 400 level) /20 (points up from 400 level) = almost 4.8:1 Please refer below chart: 1Day Time Frame Hope I made it easy to understand. You can refer part-1 of this 200DMA with example of buy trade for the same stock HINDPETRO. Comment your doubt or suggestion if any. **************this is for educational purpose only**************
NSE:HINDPETRO
by Trading_hawk
26
Is Hindustan Petroleum Setting Up for A Rally Above 400?Wave 3 extended 161.8% of wave 1, and we can see a powerful rally in an extension of wave 5. Hind Petrol Futures can hit the following targets before Oct end. Target 1: 352 Target 2: 389 Target 3: 400 Where can we enter? The following rules can help you get the perfect entry. A. Upper band of the parallel channel at 290 . B. High of 3rd wave at 312 . If the price isn't breaking wave b, we are still on the corrective structure. Further information I will update you soon.
NSE:HINDPETRO1!Long
by forextidings
2
Inverted Head and Shoulder in Hindpetro.Stock has been in a down trend since june and was not able to give a break out. Price has tested the resistance zone 3 times and now is the fourth time it is trying to break. And during this process an inverted head and shoulder pattern is formed on the price chart. As we know that it is a reversal chart pattern, and we can see an upmove from here if price successfully breaks above the neckline and sustain there. From here if demand comes, we can see a huge breakout with above average volume, we can enter above 280 level and can put a stoploss below previous low which will be the right shoulder. If the price consolidates near the neck line it will be the best case secenario and will give a good risk to reward ratio.
NSE:HINDPETROLong
by anuragsahu614
2
Hindpetro Ascending Triangle BreakoutPrices undergoing Ascending Triangle Breakout All Levels Mentioned On Chart How to trade the setup? When the chart says Long or Short at particular level, Put a Stop Order at those levels, Levels are strict T1 : is Target 1 T2 : is Target 2 When you achieve your first target, book profits of 50% and shift the stops to the cost The term Catastrophe Stop, is a maximum movement of price that can happen in opposite direction of trade so that the setup remains valid, Its basically used, to give some breathing space to the trade, I may call for a recovery if the setup becomes invalid as the market progress. As we all know anything can happen in the market and we should respect that The Idea is for Educational purpose only At Last, do your own analysis, before trading your money!
NSE:HINDPETROLong
by Ankit_1618
1
#MARALOVER MARALOVERMaral Overseas Ltd. #MARALOVER NSE:MARALOVER NSE:MARALOVER CMP: 87.35 Target: 125 SL: 75 RR Ratio > 3 Time Frame < 6 Months Almost 45% return expected. Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
NSE:MARALOVERLong
by Rachit_Sethia
HINDPETRO SWINGIt breaks a multi year resistance zone 332-339, with a 7.5% big bullish candle along with high volume . A good swing for short to mid term period. Buy price : 340-350 Stop Loss : 321 with a minimum target of 388. 55 EMA crossed 200 EMA on weekly chart which is also a good sign Disclaimer : This analysis/strategy is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
NSE:HINDPETROLong
by hjharsh
Targed done 2X in hind petro new rally to begin 2X Target done in Hind petroleum after forming inverted head & shoulder pattern I decided for the target of 12 % but it crossed the target like rocket and given 21% return till now and never touched it down again. now it has passed the retest from target line for more bigger targets and now trading around 52 week high. Enter with small SL after breaking the 340 level along with huge volume. SL will be 329 for less risky traders or you can enter with SL of 313 for at least 1:2 Risk Reward.
NSE:HINDPETRO
by akshaybatra020
1