Hindpetrobuy
Hindpetro Trend Line BreakoutHindpetro Closing Price - 236.55
Buy On Opening At Cmp
Strict SL - 202 (WCB)
Target - 320+++
HINDPETRO LongBreakout 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
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
HINDPETROHINDPETRO 2yrs Trendline breakout.
Good Swing Trade.
Comment your views on this .
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Trade Idea #10, HINDPETRO | BuyPOSITIONAL TRADE!
Reasons to Trade:
1) TrendLine resistance
2) Good Volumes
3) Inverted Head & Shoulder Pattern
SCENARIO 1:
The stock might break the Long-term TrendLine as well as the Channel pattern with good volumes and fly.
SCENARIO 2:
The stock might come down and fill the gap, where the fib 61.8 matches, and then fly.
We will Check which scenario happens in the coming days
HINDUSTAN PETROL - BUY AT CMPHINDPETRO looks good at 230. You can buy at CMP with SL of 213, Target 300-330.
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₹
HINTPETRO IHS Pattern- HINDPETRO is close to breakout from Neckline of Inverse Head & Shoulder Pattern.
hpcl - positional buybuy with stop below 222
positional view based
disclaimer - for study purpose only
Hindustan Petroleum - Bullish Engulfing at supportNote: This is for educational purpose only.
There seems to be a bullish engulfing pattern on support with good volume. RSI is 51 which is still in neutral zone.
#HINDPETRO - DAILY chart bullish POSITIONALHindpetro - Daily chart Bullish
positional trade
LONG ABOVE 192....
200 expected Target
Hindpetro Volume Price AnalysisHindPetro 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 will also fall. But even after this, HPCL recorded almost 3 fold profits, which is a great deal in itself. This is a bullish sign for the company.
The above, was in terms of fundamentals. But what does the price and volume say. According to my analysis and observation, the 2 volume expansions(4th August 2020 14:45 and 6th August 2020, 09:15) have happened when the price tried to move higher and the strength of the candles were pretty strong and also wide in range, suggesting that demand is overcoming the previous supply at lower levels. But the last volume expansion which happened on 6th August 2020, 14:45, was when price tried to move higher, but at the end the supply exceeded the demand causing the price to close below the opening. The follow up candle was an inside candle with a wick. This is sending mixed signals and so the price needs to decisively break either levels: 219.45 on the upside or 208.75 on the downside, in order for it to determine the trend. Breaking either level will result in the break of a pivot level, which when broken, causes the trend to change. All in all, the price is currently in a range, and a breakout would confirm the trend. If price breaks on the upside, then the supply zone would be a resistance, and if the buyers are strong enough, they would soak up all the supply and let the price move higher. Or else, there is no immediate support for Hindpetro and so the price can move towards 200 and lower.
This is an educational post and all the opinions provided above and on charts are simply speculation. Nothing is 100% in stock market.
Consult your financial advisor before taking trades
I do not recommend taking trades according to my analysis as you may incur loss, for which I am not responsible.
Trade carefully
Grateful🙏
