HINDPETRO -Buy call for HINDPETRO was given on 11 May.
Buying Range was 260-265 . Currently trading at 320.
The stock is heading to 450 levels in midterm.
Below is the call shared on May 11
NSE:HINDPETRO
Observations:
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.
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Trade Setup for Date 04-10-2021:
1)...
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.
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![HINDPETRO: Simple Trade Setup | HINDPETRO |04-10-2021 [INTRADAY]](https://s3.tradingview.com/h/hfN7zDQY_mid.png "Simple Trade Setup | HINDPETRO |04-10-2021 [INTRADAY]")
