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Hindpetroanalysis

Hindustan Petroleum Corporation Ltd - Breakout OpportunityDate : 26-Dec-2024 LTP : Rs. 419.30 Targets: (T1) Rs. 439 --> (T2) Rs. 457 --> (T3) Rs. 520 SL : Rs. 388 Technical View: • NSE:HINDPETRO is in primary uptrend and was recently going through secondary downtrend within primary uptrend. • After touching a high of 457.15 on 5-Sep-2024, it has retraced 22% to 354.90 level. • NSE:HINDPETRO has breakout from it's secondary downtrend with higher than average volume on 26-Dec-2024. • NSE:HINDPETRO is trading above 20 DEMA and 50 DEMA since last few sessions. 20 DEMA has also crossed over 50 DEMA. • RSI is trading at 63.98 and MACD is trading at 6.66. • Looking strong to start a new swing from here. Liked the analysis? Boost/Like this idea and follow my ID for more ideas. Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. My ideas are published for learning purpose only and are available to everyone at no cost/charge.
NSE:HINDPETROLong
by vicky252
Continuation Pattern Breakout seen in Crude oil Marketing stockHello everyone, i have brought a stock which has given a neat and clean Ascending triangle pattern Breakout with good volume spike stock name is HPCL, before to jump into stock i want to teach you guy's about this pattern so if you see from next time onwards, you can play this. Q:- What is Ascending Triangle Pattern? Ans by Rahul:- It is a bullish continuation pattern that occurs in an uptrend and signals that the price of the stock will continue to trend higher on completion of the pattern. This pattern shows that buyers are getting very aggresive and are likely to take prices higher once the price breaks through the pattern. Q:- How to Trade this Ascending Triangle Pattern? Ans by Rahul:- First of all you have to wait with patience to see a perfect breakout on chart with good volume spike. Then you have to take entry once breakout confirmed, and the potential target for the pattern is normally calculated by projecting the height of the Ascending triangle at it's thickest point above the breakout point and stop loss will be placed at the swing low which occurs just before the price breaks the resistance on the upside as shown in HPCL chart above. This will give us favorable risk to reward ratio. So, I hope you now know about this pattern (Ascending Pattern). If you really learned something, don't forget to like this idea, because it will increase my confidence level to provide you guys with this type of learning content as always. Let's focus on Company Now:- Hindustan Petroleum Corporation Ltd is mainly engaged in the business of refining of crude oil and marketing of petroleum products, production of hydrocarbons as well as providing services for management of E&P Blocks. Market Cap ₹ 84,175 Cr. Current Price ₹ 396 High / Low ₹ 402 / 159 Stock P/E 8.52 Book Value ₹ 221 Dividend Yield 6.70 % ROCE 21.3 % ROE 40.4 % Face Value ₹ 10.0 Industry PE 11.5 Debt ₹ 66,684 Cr. EPS ₹ 46.4 Promoter holding 54.9 % Intrinsic Value ₹ 318 Pledged percentage 0.00 % EVEBITDA 7.25 Change in Prom Hold 0.00 % Profit Var 5Yrs 19.1 % Sales growth 5Years 9.51 % Return over 5years 17.6 % Debt to equity 1.42 Net profit ₹ 9,883 Cr. ROE 5Yr 16.7 % Profit growth 18.5 % Earnings yield 9.99 % Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:HINDPETROLong
by TraderRahulPal
2
HINDPETRO Analysis(Symmetric Triangle)!Two methods to project the Targets while trading based on SYMMETRIC TRIANGLE PATTERN HINDPETRO Analysis on Weekly Timeframe! Symmetric Triangle formation in HINDPETRO on Weekly Timeframe Symmetric Triangle Resistance Trendline Breakout HINDPETRO has made symmetric Triangle pattern on Weekly Timeframe. HINDPETRO is forming Symmetric Triangle Pattern about 6 months. The price has given resistance trendline breakout with low volume which is a negative point but is has made successfully closed above it. On the chart I have illustrated, how to project targets based on SYMMETRIC TRIANGLE PATTERN in two ways. You can follow any method while dealing with Symmetric Triangle Pattern. Both ways are valid. I have referred John J Murphy's TECHNICAL ANALYSIS OF THE FINANCIAL MARKETS book for this Analysis. I hope you'll like it. One more important thing do Follow and share my ideas for support so I can post more and more ideas on daily basis. Trade Psychology and Setup = Entry = Aggressive Investors can enter at current levels, Conservative Investors can enter after retest between 239.80 - 243.15 Target = 505.30 Stop Loss = Below 220.10 Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your own research and analysis 3) Define your Risk to Reward ratio 4)Don't trade with full capital
NSE:HINDPETROLong
by Avinash9087
2
Hindustan Petrol on the Verge of a Breakout: Time to BuyHindustan Petrol Buying Recommendation Introduction: This report aims to provide a technical analysis of Hindustan Petrol stock and a recommendation for buying the stock in the short term. The analysis is based on the latest charts and indicators and is intended for investors and traders who are looking to capitalize on market movements. Background: Hindustan Petroleum Corporation Limited (HPCL) is an Indian state-owned oil and natural gas company. The company's stock is listed on the National Stock Exchange of India (NSE) and is widely followed by investors and traders. Analysis: The Hindustan Petrol stock has been in a range-bound pattern for the past few months, but recent price action suggests that the stock may be breaking out. The stock has been trading in a range between 240 and 246.20, and a breakout above 246.20 could signal a short-term trend reversal. The technical indicators are also pointing to a potential buying opportunity. The Relative Strength Index (RSI) has been trending higher and is currently at oversold levels, indicating that the market is oversold and may be due for a rebound. Additionally, the Moving Average Convergence Divergence (MACD) histogram has crossed above the zero line, suggesting that the trend is gaining momentum. Furthermore, price action on the chart shows that the stock has reached a strong support level and is showing signs of a potential reversal, with bullish cand formation. Recommendation: Based on the analysis above, we recommend buying Hindustan Petrol stock if it breaks 246.20 levels, with a stop loss of 240 and a target 1 of 246.20 and target 2 of 252.90. This strategy aims to capitalize on a short-term trend reversal and capture potential profits as the market rebounds. Disclaimer: It's essential to keep in mind that the market is highly volatile and unpredictable. Therefore, it's recommended to keep a close eye on the price action, and use stop loss and take-profit levels to minimize risk and maximize returns. The time frame for this analysis is 23rd January 2023, and it's important to conduct your own research and analysis before making any investment decisions, and always consult a financial advisor before taking any action. Conclusion: In conclusion, Hindustan Petrol stock appears to be breaking out of a range-bound pattern and may be due for a short-term rebound. Technical indicators and price action on the chart also suggest a potential trend reversal. Therefore, buying Hindustan Petrol stock if it breaks 246.20 levels with a stop loss of 240 and a target 1 of 246.20 and target 2 of 252.90 is a recommended strategy for traders and investors looking to capitalize on market movements in the short term.
NSE:HINDPETROLong
by EntryandExit
#hindpetro #hindustanpetrol Harmonic SupportNSE:HINDPETRO Targets Mentioned on chart (black doted horizontal ray). 📌 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
⛽ #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
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
Simple Trade Setup | HINDPETRO |04-10-2021 [INTRADAY]NSE:HINDPETRO Observations: 1) On 15min time frame, we can see there is hidden bullish divergence is formed. As price is making higher lows and RSI is making lower lows. If tomorrow it sustain above 300 level then we can see upmove. Please refer below chart : 15 Time Frame. ------------------------------------- Trade Setup for Date 04-10-2021: 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respsective level considering how price action works near that level.
NSE:HINDPETRO
by Trading_hawk