HINDPETRO broke out and retest the trendline (1M TF). Keep on your watchlist!
HPCL is about to upside movement from the support level #positional HPCL buy at 230 Tgt: 242, 250, 260+ Sl: 225 (closing basis) Timeframe: 2-3 weeks
Long time important support and level. Should take a bounce from here.
buy with stop 232 for target 250+ alternate trade buy future 1 lot @ 240 + sale 250 ce 1 lot @ 3.3 (follow above spot levels for exit) disclaimer - trade @ own risk
HINDPETRO broke out of the trendline and retesting the key zone. Looking for a bullish confirmation for taking a positional trade. Note: For educational purposes only!
Breakout of a consolidation phase. The breakout happened with good volumes. Coming back for a retest. Support from 200 Day Exponential Moving Average. Good opportunity to enter a long position. * Educational purpose only * NSE:HINDPETRO
Hi, 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...
hindpetro chart analysis for intraday and swing trading
After breakout now in consolidate, it seems that this trend will continue even further. there are quite good signs in the chart. 1. strong breakout with volumes 2. after breakout consolidate in a narrow range
Note: 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₹
- HINDPETRO is close to breakout from Neckline of Inverse Head & Shoulder Pattern.
It continues to be on a bullish path and now after a minor pullback is trading above Weekly resistance. It could test 250 and then 275. Short term view gets negated below 227
► 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....
Sell 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
#BSE #NSE #HINDPETRO #WACHLIST FOR 19-1-2021