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 l
Hindustanpetroleum
Chennai Petroleum for 85%+ gainsDate: 23 Oct’24
Symbol: CHENNPETRO
Timeframe: Daily
The 14th Oct post is not visible somehow so posting the same chart.
Chennai Petroleum Corp Ltd currently seems to be in Wave 4 which may end around 780-820, marked as demand zone in the chart. September quarter results are not good so consolidation in Wave 4 can be longer. Wave 5 could then head to around 1500+ levels (85%+ from end of Wave 4). We can review this for more clarity on the target when it moves past 1000.
This is not a trade re



