Hindustan 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...
Hind Perto Looked Bullish I am Entering into Long Position in HINDPETRO Future at 248- 249 For the Targets of 270 With the stoploss 239
Reasons To Buy HINDPETRO:
# Hind Petro Has seen Head and Shoulder Breakout on Daily Chart.
# Today Breakout with Volumes has been observed.
# Stock has seen Significant Correction from its swing highs of 358.
NSE: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 ...
HINDPETRO
Buy-Above 275
Sl-260
T- 295 305 325
The stock is giving a bounce from its support zones. RR is good from here. Picked this stock as RR is good from here. Double bottom is being formed here.
strength seen on weekly time frame with good momentum
this bar also happens to be
1)200MA
2) trendline support
3) spring near local support
4)break of downtrend trendline on daily time frame
5) if you believe crude prices will shoot up,this should be a good entry
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...
NSE: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...
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 .
...
It 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...
HINDPETRO -Buy call for HINDPETRO was given on 11 May.
Buying Range was 260-265 . Currently trading at 320.
The stock is heading to 450 levels in midterm.
Below is the call shared on May 11
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.
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Trade Setup for Date 04-10-2021:
1)...
![HINDPETRO: Simple Trade Setup | HINDPETRO |04-10-2021 [INTRADAY]](https://s3.tradingview.com/h/hfN7zDQY_mid.png "Simple Trade Setup | HINDPETRO |04-10-2021 [INTRADAY]")
