HINDPETRO
#PETRONET CMP247 #Target 271(10%) #ioc #ongc #tidewater #bpcl #PETRONET
NSE: PETRONET
CMP 247
Target : 271
SL 238
Time Frame < 2 months
Can hold the stock for longer time after part booking.
Factors:
Trend Following
Inverted Head & Shoulder Pattern.
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.
PEER COMPARISONS:
NSE: ONGC
NSE: TIDEWATER
NSE: IOC
NSE: OIL
NSE: HINDPETRO
NSE: BPCL
NSE: PETRONET
NSE: SUPPETRO
NSE: CHENNPETRO
NSE: RELIANCE
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With 💚 from Rachit Sethia
#ONGC #TIDEWATER #OIL #IOC #HINDPETRO #BPCL #DIESEL #PETROL #IT#ONGC
NSE: ONGC
CMP 117.60
Target 130+
Time frame < 2 months
Factors:
Petroleum sector booming
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
Fundamental are strong.
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming
The stock has potential to go beyond 130 in longer time.
PEER COMPARISONS:
NSE: ONGC
NSE: TIDEWATER
NSE: IOC
NSE: OIL
NSE: HINDPETRO
NSE: BPCL
NSE: PETRONET
NSE: SUPPETRO
NSE: CHENNPETRO
NSE: RELIANCE
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With 💚 from Rachit Sethia
#ABAN FLAG RETEST #BREAKOUT #STOCKMARKET #R:R>3 #IT #TECH #NIFTY#ABAN
NSE:ABAN
CMP: 31.30
Target: 50++
Stop Loss: 26
Time Frame: less than 2 months.
Might hold above 50.
Factors:
Rising Volume with rising Prices.
Channel Median breakout.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher High & Higher Low.
Broken above resistance.
Trading at support.
Fundamentals are strong.
Risk Return Ratio is healthy.
And
Bullish Wedge Formed.
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Hindpetro may can give a clean breakoutThere is a series of accumulation at the Resistance level so if there will be volume support, it might touch its targets within a single day. Multiple retests have been done at the Resistance level. If it doesn't touch a target within a single shot, then it can do some retracement after which it will touch its target. SL can be put in a 1:2 ratio.
#SUPPETRO #OIL #BANKNIFTY #NIFTY #TRADING #COVID19 #RELIANCE #IT#SUPPETRO
CMP: 459.25
Target: 577++
NSE:SUPPETRO
Can hold after the target!
Strongly bullish.
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Might blast to more than 577++
Super Bullish on this stock.
From Rachit Sethia with 💚