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Hpcl

Hindpetro Volume Price AnalysisHindPetro has announced its results, and my first impressions are that they are exceptional. During times of lockdown, petroleum sales would be one of the most affected ones. Take the example of commercial flights. Their demand have reduced by more than 90%. They are one of the top consumers of petroleum and when their demand falls, automatically, demand for fuel will also fall. But even after this, HPCL recorded almost 3 fold profits, which is a great deal in itself. This is a bullish sign for the company. The above, was in terms of fundamentals. But what does the price and volume say. According to my analysis and observation, the 2 volume expansions(4th August 2020 14:45 and 6th August 2020, 09:15) have happened when the price tried to move higher and the strength of the candles were pretty strong and also wide in range, suggesting that demand is overcoming the previous supply at lower levels. But the last volume expansion which happened on 6th August 2020, 14:45, was when price tried to move higher, but at the end the supply exceeded the demand causing the price to close below the opening. The follow up candle was an inside candle with a wick. This is sending mixed signals and so the price needs to decisively break either levels: 219.45 on the upside or 208.75 on the downside, in order for it to determine the trend. Breaking either level will result in the break of a pivot level, which when broken, causes the trend to change. All in all, the price is currently in a range, and a breakout would confirm the trend. If price breaks on the upside, then the supply zone would be a resistance, and if the buyers are strong enough, they would soak up all the supply and let the price move higher. Or else, there is no immediate support for Hindpetro and so the price can move towards 200 and lower. This is an educational post and all the opinions provided above and on charts are simply speculation. Nothing is 100% in stock market. Consult your financial advisor before taking trades I do not recommend taking trades according to my analysis as you may incur loss, for which I am not responsible. Trade carefully Grateful🙏
NSE:HINDPETRO
by inteliigentrader
HPCL: How Technical Analysis helped us capture a 7.5% movementHPCL Idea published on 19th June Trade Analysis The trade was purely based on historical price points... important support & resistance levels - the green & small blue line told us the importance of 210-214 levels - targets of 228 / 236 were kept looking at longer time frame horizon The upper resistance is around 243 highlighted by the red line. But rather looking at it as exact number, I look at it as zones / range. And at 236 it is at the lower end of the target range... The trade had a profit potential of 7.5% in cash market with a risk of 4.3% - providing a decent Risk::Reward ratio Now here's an interesting part. With our option strategy we converted the trade in to 5.5% reward potential (a little less profitable) but more importantly with full risk cover for a fall up to 210.50. How about that...!!! The lesson is loud and clear. Do your home work. Study, Analyse & Keep patience. Do not think of get rich quick. Rather Focus on managing your risk first. And then look for profits. Hope you find the lesson helpful. Follow for more such trading ideas You can Message in private if interested in learning. Message only if you are serious about learning. Thanks & Regards Vaibhav Deshpande
NSE:HINDPETRO
by indiamarketoutlook
HPCL: Chart set up & strategyHPCL CMP 219.6 Till the time HPCL holds 214-212 zone it has doors open to test 228 / 236 ------------------------------------------------------------------------------------------------------------- Alternatively one may consider selling 215 Put Option around 4.5 Lot size 2100 Max profit potential 9450/- per lot Yield potential of 5.5% on Capital. In built loss protection for a fall in price up to 210.50 till 25 June 2020 Take care & safe trading...!!!
NSE:HINDPETROLong
by indiamarketoutlook
3
"Can we Buy 230 PE and hold for two weeks"The Energy sector is weakening. Further news of Imports which may hit the bottom line. Already the picture is bleak as the average Asian gasoline profit margin this year as of Sept was $4.12 a barrel, down nearly 45% of its value when compared to the same period in 2018. Trade Execution : The 230 PE for Sep 26 expiry is trading at 1.60 odd & Cash Price is at 260. The potential 5 Times is there if the cash price reaches around 230. Potential Trade of the Month for me. Risk no more than what you can afford to loose. HARIBOL Disclaimer - This is not an advise for you to trade but a journal for my use/record of the trades that i am taking.
NSE:HINDPETROShort
by VahniTrading
3