Trendline broken and retracement is also completed.
.
entry: 260
target: 334
stoploss: 230-220
.
trend will be confirmed after sustaining yellow box mentioned.
.
long term investment; min 40% return.
huge potential is there;
.
.
.
. more than that " HPCL "is fundamentally good
.
.
. refer our old idea attached below.
.
stay for update.
midcap stocks are going to boom.
long term investment; min 70% return
huge potential is there.
investment ;
trendline is not broken yet,
if you are intrested in investmet, go for it with small risk,
more possibility is there for breakout.
BPCL has given breakdown below the support zone on daily chart.
Entry
We can go short on next candle.
Target
We can keep target as the next support zone as marked on chart.
Stoploss
We can keep the stoploss above the support zone.
Please like and follow me 🙏🏻
Hindustan 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...
Trendline is broken and retracement is also completed.
midcap stocks are going to boom.
long term investment; min 70% return
huge potential is there.
investment ;
.
.
.
. more than that " HPCL "is fundamentally good
.
.
.refer our old idea attached below
#HPCL looking good for bottoming out technically. OMCs shown bad results after election in UP and other states which negatively affected the margins. Now Crude is coming down but Margins are increasing and may be around Rs10 per litre. Buy for very good return at CMP 252 for 300/350 SL 225
Chart 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...
Hindustan Petroleum Corporation Ltd (HPCL) strong Breakout
Hpcl break out with storng volume and momentum yesterday. Long build up form in this stock. Buy above 245. Next target 248, 252, 259
Time to go for long in HPCL. Get ready to catch your profit. Thank you
We can initiate a long swing trade in hpcl if it gives closing above the levels of 245 forming an inverted head and shoulder pattern.
It's a high dividend paying stock as well so one can think of adding some quantity in the portfolio. A trend reversa NSE:HINDPETRO l could happen.
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.
Good short swing trade possibility, there might be a small pullback for a retest. Play on levels. Always keep a stop-loss and trail your profits.
Entry: CMP
t1: 325
t2: 339.5
t3: 354.35
SL: 297.55
HPCL forms inverse H&S pattern. it may test 295 and 309 soon , yesterday it was given BO of neck line 277 so can buy for mentioned targets.
or Can buy 280 CE for sept month series.
