HINDPETRO
SWING TRADE IN HINDPETRO || BUY ZONEHi, don't forget to like in case you like the analysis.
Analysis basis :
1. On a daily time frame we have seen a good multizone breakout, hence buy bias.
2. We came down to 4H time frame to check for accumulation zone and confirm with a double pattern breakout.
Suggestion : Aggresive entry (25%) now + Safe entry (75%) after zone break
I have personally invested like this. So I will keep you posted on the same.
Regards,
Abhishek Singh
HPCL - Bullish BreakoutNote: This is for educational purpose only. Please do not trade F&O in this.
There seems to be a bullish breakout in play. The breakout is happening from last 52 week resistance. There seems to be a breakout is RSI as well. RSI at 69 indicates bullish momentum. Moreover, the breakout is happening post build up near resistance which is a sign of strength.
SL: 220₹
► Advance Pattern #2: HINDPETRO ◄► Advance Pattern #2 ◄
📌 I have found that some stocks follow their own pathways. These are ❝ original and unique patterns ❞ that can achieve their target almost 80-90% times. Here, I have posted one of my favourite 💕 chart patterns.
☆ I will post the remaining patterns one by one on Sunday. For your reference, you can check out my previous studies as well. Please find the stocks and comment ✍ their name in the comment ⌨ section.
☆ Follow me @ tradingview for more updates and like the chart ❤!!!
☆ Please direct message ✉ or comment for any queries and kindly like & share this analysis and studies. Comment with what do you think.
Thank you. Happy Trading!!!
Best Regards,
𝘿𝙧. 𝙎𝙝𝙖𝙢𝙧𝙖𝙟𝙖 𝙉𝙖𝙙𝙖𝙧
𝙋𝙝𝘿 𝙞𝙣 𝙏𝙚𝙘𝙝𝙣𝙤𝙡𝙤𝙜𝙮.
✬ Disclaimer ✬
--------------------------------------------------------
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on evaluating their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
---------------------------------------------------------
Short HindPetroSell 232-235, SL is marked with the red line and targets with a black line. If the stock opens above 238 or breaks 238 within 30 mins from the market open time, then avoid this trade.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
HindPetro: Target 318.65 for Time Frame : 1 Year+See details why?
Fundamental Analysis :
Stock P/E : 4.79,
EPS: 40.90,
Industry P/E : 8.53,
Face Value : Rs 10 per Share,
Dividend Yield: 4.29%,
Dividend Payout : 42.81% Maintaining,
Promoters Holding : 51.10% with Nil Pledge,
Market Cap : 34614 Cr,
Debt to Equity : 0.88,
PEG : 0.26,
Book Value : 229
Credit Ratings:
Ratings Reaffirmed at AAA (Stable)/ A1+
HPCL's Strong parentage, It's undertaking modernization and capacity expansion at its refineries to improve the profitability of the refining operations.
News of the Stock,
OPEC's MONTHLY OIL MARKET REPORT WILL BE OUT AT 12.20 GMT.
SAUDI ARABIA'S FM FAISAL BIN FARHAN SAYS OUR COOPERATION WITH RUSSIA UNDER OPEC + HELPED TO STABILIZE OIL MARKETS
And many more reasons.
Attractive Value and Strong Fundamental Hind Petro.
#BPCL #HINDPETRO #IOC #OIL #ONGC #PETRONET #PETROL #BITCOIN #NSE#BPCL
Bharat Petroleum Corporation Limited.
CMP: 399
TARGET: 436 // 478
G-O-I undertaken stock is in limelight, BPCL. As the state run petroleum company plans for divestment, there is going to be a lot of opportunities for retail investors and traders. Govt. plans to sell off almost 53% stake from the company and it receives MULTIPLE bids. Stock is expected to have a strong valuation and would be expensive from the current rates.
There are various reasons to invest in this stock.
1. Trend Analysis: The stocks is in pace to reach highs. Running in uptrend, climbing ladders, step-by-step. Steadier and stronger with each end of the day prices.
2. Fibonacci Retracement: Retracing from 50% levels to make higher highs. Supports acting strong and giving a better push upside again and again.
3. Moving Averages: All the moving averages running alongside. All the bigger moving averages below the prices gives the candle more strength to be firm and erect. Bears fears. Prices fear to fall.
4. Pattern: Prices are making higher lows to show the pictorial representation of price trend. Making a Bullish Wedge kind of pattern with periodic time span.
5. Volume: Extremely large volume trading has been encountered in the stock. The huge Volume is representation of higher investors' money flowing in towards the stock. The huge Volume candles along with huge BULLISH Price Candles represent the strength of BULLS.
6. Momentum: The stock being in news, a large number of traders rush towards it and make various analysis to get the intrinsic value. The higher the bidding value, the higher is the price. The bids create excess of demand for the stock and thus price moves upside. The stock has just got the momentum. A rally is expected soon.
7. Strong Bull and Weak Bear: The Bullish candles are mightier and look like "katana". Big Bull candles show the presence of demand over and above supply, and thus a potential for upside. On the contrary, the bear candles are small and of less volume. Explaining the distribution and consolidation of previously purchased shares.
Go ahead with the stock, with a limited down side risk.
SL: 385
RR Ratio: 1:2 // 1:5
If you like my work, kindly LIKE the post, SHARE it with your friends and family, and FOLLOW the page to get free stock recommendations frequently.
Thankyou!