NSE:HINDPETRO Hindpetro Buy Limit @ 166.50/-
Buy as per levels mentioned Low risk, high reward trade
I will go LONG on HINDPETRO because: The price is forming a Chanel or Rectangle Pattern . The price is also under Support/Resistance zone. It has touched the support (lower end of rectangle ) and may reach the resistance zone (upper end of rectangle ) . Target would be the Resistance area . Book profit when it reaches the resistance zone . Entry - 175 Target -...
Hammer after a sustained downtrend
Hind petro has been bleeding since months. In previous day session it closed at 171 which is its a good support. If you zoom out its chart on weekly time frame you will find this zone is very crucial for Hind petro (171-164). So, swing short should be avoided and anybody having postiion on short side they must book their profit. If a bounce came from here and...
Have an Eye at support level. for educational purpose.
Hindpetro - Daily chart Bullish positional trade LONG ABOVE 192.... 200 expected Target
Keep an eye on Hindustan Petrol. Expected momentum is in upward direction. . Reason to Buy: 1) Forming a triangle pattern 2) Taking support on weekly as well as daily trend line. 3) Formation of 'W-Pattern' (wait for neck line break) . Stop-loss must be below the previous immediate swing. RR ratio must be calculated and traded accordingly.
As per the charts. Buy on trendline break. keep SL.
SHORT : @CMP SL : 200 + TP : 170
Hindpetro looks like the batman pettern is forming. Let's wait and see.
Hindpetro Daily chart bullish BAT Buy range 180-210 in small quantity Target 300 (only for long term investor)
HindPetro has announced its results, and my first impressions are that they are exceptional. During times of lockdown, petroleum sales would be one of the most affected ones. Take the example of commercial flights. Their demand have reduced by more than 90%. They are one of the top consumers of petroleum and when their demand falls, automatically, demand for fuel...
Price moving towards the pattern trend-line support. Wait for the support to enter long.
Hindustan petroleum is looking strong for up side move. Note: All the charts are for educational purposes. Do your analysis before going into trade.
Hindpetro is about to reach a strong a key level Both of the two are important. Based on price action 5 things can happen. 1>Breakout and continue 2>Test the level and reverse 3>Price consolidates near that level(sideways) 4>Fakeout and reversal 5>Retracement & continuation So take your trade with confluence and if further assistance is needed always contact 9831633793