Hindustan Petroleum Corporation Limited - Inverse Head And Shoulders pattern breakout
Target and Stop loss marked in the chart
Best buy price would be below the Blue dotted line.
Note: best to wait for the price to retest before buying.
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.
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.
It is on a verge to a rally unless 219 breaks on the below.
First target is 330 and then 490
Divd yield is 3.72%
Promoter holding 53.5%
Debt/ equity - 0.91
Pledged percentage - 0%
It is a good fundamental pick with comparitively cheap price compared to peers. Technically it is showing a rebound from its lows.
Due to increasing demand of economy recovery there...