OMC

IOC Hello & welcome to this analysis A deep 6 months correction lead to the formation of a Bullish Harmonic Crab pattern in March 2025 post which during accumulation (consolidation) phase formed an Inverse Head & Shoulder. A 38% retracement of the bullish harmonic pattern has been done and now its completing a pullback of the IHS breakout by retesting the neckline. Potential upside levels are 145 and 160 for both the IHS & Bullish Harmonic Crab All the best

by Dinesh_C_Nagpal

HPCL - Inverted Head and Shoulder A reversal pattern at the bottom. Inverted H&S pattern. Breakout has been done. Breakout zone - 368-375 Support Zone - 345 Pattern Breakout Target Range - 455. Volumes are low as of now. Fundamentally Crude is falling which will increase the margins as well.

IOC Hello & welcome to this analysis Stock in weekly has made a double top formation. Failure to hold 130 could take it down to 90 which is its breakout area. Short covering above 142 with resistance at 150 in the short term and 180 in the medium term Happy investing and good luck with your trading

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by Dinesh_C_Nagpal

BPCL- Bullish HARMONIC Buy Signal!Attached: BPCL Weekly Chart as of 17th March 2023 Going by Harmonics: A Bullish Anti Bat Pattern has got activated with this Week's Bullish Power Candle Close above 350. This is a BUY signal!🚀 Going by Dow Theory: We see that Price has also put in its First Higher Low of 314 since the Lows of 288 back in October 2022. This is a Sign of a Trend Reversal Structure. The Prior Trend was DOWN on the Weekly TF. Now it appears the Trend is turning on the UPSIDE. Coming back to the Harmonic Pattern,

Yearly outlook - Long IOC Resistance @ 99, 114 Support at 60 Revise targets in April, May and August 2023-25 Pros: 1)Reduction in GRM to increase the demand. 2)Green Initialtives to be housed in existing IOC franchises. 3)Stock is trading at 0.86 times its book value 4)Stock is providing a good dividend yield of 10.7%. 5)Company is expected to give good quarter 6)S/D Gap in EV value-chain Cons: 1)Allocation of 30T Cr of funds to state-run OMC's to the requested 50T Cr. 2)Net Profit reduction of 87% QoQ 3)The comp

by EfficientInvesting

HIND PETRO It continues to be on a bullish path and now after a minor pullback is trading above Weekly resistance. It could test 250 and then 275. Short term view gets negated below 227

by Dinesh_C_Nagpal

BPCL It is at the PRZ of a Bullish Harmonic AB=CD Pattern suggesting a bounce/reversal provided it holds 346. It's expected reversal levels are 390 & 405 AB=CD Harmonic Patterns are derived out of specific Fibonacci Ratios which form parallel running channels appearing in the shape of a thunderbolt.

by Dinesh_C_Nagpal

hindpetro hpcl support price action

HIND PETRO It has made a Bearish Harmonic Alt Shark near the trend line resistance. It could retrace till 220, view negates above 238

by Dinesh_C_Nagpal

Short term trading idea- IOC_Short IOC looks weak Short at CMP till 82.5. SL- 85 T- 77

by mayanksardana

BPCL 1) Facing resistance at trendline 2) oil prices crossed crucial level of 80$, likely to got to 90-100$ 3)Made bearish candle at resistance with high volume

by NikunjPurohit

HPCL and WTI CRUDE correlation?[/Hi, Today i would like to present the Point and figure method analysis of correlation between WTI Crude price and stock price of Oil Marketing Companies like HPCL.(HINDPETRO:NSE) The WTI crude corrected 2.38% yesterday. Let us see how the HPCL chart is postioned.The Crude price is a significant influence on balance of payments for India as the Crude is the highetst import biller. And if WTI corrects and sustains below $ 60, that will be a great sign for Indaian economy and stock markets. The

by thepnfchartist