Get started

Hpcl

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 last few sessions. 20 DEMA has also crossed over 50 DEMA. • RSI is trading at 63.98 and MACD is trading at 6.66. • Looking strong to start a new swing from here. Liked the analysis? Boost/Like this idea and follow my ID for more ideas. Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. My ideas are published for learning purpose only and are available to everyone at no cost/charge.
NSE:HINDPETROLong
by vicky252
MRPL for 100% gainsDate: 17 Oct’24 Symbol: MRPL Timeframe: Daily Mangalore Refineries & Petrochemicals seems to be in final stages of Wave 4. If it goes down further from present level, 160 should hold well. Both rising volumes and divergence in RSI suggest accumulation in progress in the stock. Wave 5 can mount to around 330-340 (2X from current price of 169). I can review the target once it heads above 230 levels. This is not a trade recommendation. Please do your own analysis. HINGLISH VERSION Aisa lagta hai ki Mangalore Refinery and Petrochemicals Wave 4 ke antim charan mein hain. Yadi yah vartamaan star se aur neeche jaata hai, to 160 level ko hold karna chahiye. Badhti volume aur RSI mein vichalan donon hi stock mein accumulation ka sanket dete hain. Wave 5 lagabhag 330-340 (vartamaan keemat 169 se 2 guna) tak badh sakta hai. Ek baar 230 ke star se oopar pahunch jae to main iske target ki dubara sameeksha kar sakta hoon. Yah koi trade lene ki salah nahin hai. Kripya apna vishleshan svayan karen.
NSE:MRPLLong
by DhandhaPaani
Hindustan Petrol on the Verge of a Breakout: Time to BuyHindustan 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 Petroleum Corporation Limited (HPCL) is an Indian state-owned oil and natural gas company. The company's stock is listed on the National Stock Exchange of India (NSE) and is widely followed by investors and traders. Analysis: The Hindustan Petrol stock has been in a range-bound pattern for the past few months, but recent price action suggests that the stock may be breaking out. The stock has been trading in a range between 240 and 246.20, and a breakout above 246.20 could signal a short-term trend reversal. The technical indicators are also pointing to a potential buying opportunity. The Relative Strength Index (RSI) has been trending higher and is currently at oversold levels, indicating that the market is oversold and may be due for a rebound. Additionally, the Moving Average Convergence Divergence (MACD) histogram has crossed above the zero line, suggesting that the trend is gaining momentum. Furthermore, price action on the chart shows that the stock has reached a strong support level and is showing signs of a potential reversal, with bullish cand formation. Recommendation: Based on the analysis above, we recommend buying Hindustan Petrol stock if it breaks 246.20 levels, with a stop loss of 240 and a target 1 of 246.20 and target 2 of 252.90. This strategy aims to capitalize on a short-term trend reversal and capture potential profits as the market rebounds. Disclaimer: It's essential to keep in mind that the market is highly volatile and unpredictable. Therefore, it's recommended to keep a close eye on the price action, and use stop loss and take-profit levels to minimize risk and maximize returns. The time frame for this analysis is 23rd January 2023, and it's important to conduct your own research and analysis before making any investment decisions, and always consult a financial advisor before taking any action. Conclusion: In conclusion, Hindustan Petrol stock appears to be breaking out of a range-bound pattern and may be due for a short-term rebound. Technical indicators and price action on the chart also suggest a potential trend reversal. Therefore, buying Hindustan Petrol stock if it breaks 246.20 levels with a stop loss of 240 and a target 1 of 246.20 and target 2 of 252.90 is a recommended strategy for traders and investors looking to capitalize on market movements in the short term.
NSE:HINDPETROLong
by EntryandExit
HPCL: A breakout candidateChart set up - We are looking at weekly chart of HPCL - after facing downward pressure from Line of resistance 4 times, it finally gave a breakout on the 5th occasion - currently it is back retesting the breakout - stock has support at 224 / 216 / 204 odd levels __________________________________________________________________________________________________________________ Trading plan Target for the given set up Short term - 259 Medium term - 296 / 318 (28 / 38% ROI potential) Keep SL at for extreme short term traders 223 for short term traders 216 for medium term perspective -203 ________________________________________________________________________________________________________ Understanding reward potential and risk profile At minimum we are looking at 13% reward potential against a loss risk of 3-6% ( Risk :: Reward ratio 1::2) At the highest target level we are looking at a reward potential of approximately 38% against a loss risk of 12% (Risk:: Reward ratio 1::3) ______________________________________________________________________________________________________ Do let me know if you find the analysis and insights helpful. Like and Follow for more ideas like these...!!! Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in future too - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:HINDPETRO
by indiamarketoutlook
2