After a long time, HPCL comes to my radar as we can see HPCL shows some strength Price is making a double bottom pattern on the other hand also volume is increasing and RSI showing bullish diverge RSI making a higher low. We have a great opportunity our entry price is CMP our SL will be 270.90 and our TGT will be 306 good luck.
What We can see here is the #INVERTEDHEADANDSHOULDER# Pattern
the stock has broken the neckline as we can see it is facing resistance at previous level and the rsi also showing oversold and is at high price
TO go LONG we can wait for some consolidation so that RSI will also cool off
either if it gives consolidation we can enter at287-293
and if doesnt get...
NSE:HINDPETRO is showing the bullish uptrend to hit target 1 and 2.
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be...
We have seen inverse head & shoulder pattern on daily chart of Hind petro share. A very high probability setup to take long entry. Buying range are given in the graph. RSI above 60 forming +ve divergences. Good risk to reward trade. This is for your educational purpose only.
Hindustan Petrol is so bullish and done with the retest, so give an entry with appropriate Stop loss
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is...
It is at a crucial level to keep an eye out for a possible breakout around 312.
Please do your own analysis before making any decisions and also let me know if I missed something.
Let's learn together.
GAVE A BREAKOUT IN THE DAILY TF. RETRACED A BIT. AGAIN READY FOR AN UPMOVE. SHOWING GOOD PRICE ACTION. KEEP ON YOUR RADAR. TARGET 1-285 TARGET 2- 299. STOP LOSS-255. NOT A VERY GOOD REWARD TO RISK RATIO AT THE MOMENT.
Inverted Cup and Handle Pattern: A Bearish Technical Trading Indicator. Inverted cup and handle patterns can be identified by their large crescent shape followed by a less extreme, upward retracement. These patterns are meant to serve as being indicative of a bearish reversal.