hpcl formed channel in 4 hour chartas hpcl formed channel in 4 hours .trend reversed in at 286 .the first target will be 315 second target will be 340
Search in ideas for "HPCL"
HPCL - Ichimoku Cloud SupportBuy HPCL
- Ichimoku Cloud support (weekly)
- Oversold momentum (weekly)
HPCL has formed inverted cup and handle Sell HPCL after a close below 430 with a target of 380 or lower. Stop loss can be 455.
Hindpetro (HPCL) - LongTrade:
Buy above - 448.50
Target - 453.50
Stop Loss - 445.00
Reward Points - 5
Risk Points - 3.5
BEARISH SET UP IN HPCLDESCENDING TRENDLINE IN HPCL.
Good bearish setup seen , Swing traders can take an exit.
Long term investors can add at lower levels.
Why not Short HPCL post Breakdown?Considering the below points
1. Global Crude oil Price spike,
2. Russia's reduction in discount on Crude sale to India
3. HPCL's Chart Pattern
There woudn't be a much better opportunity to go short HPCL, which has given breakdown of a Triangular Pattern.
Refer the Chart for more details of trade.
Buy HPCL for target of 285About Company:-
Hindustan Petroleum Corporation Ltd is mainly engaged in the business of refining of crude oil and marketing of petroleum products, production of hydrocarbons as well as providing services for management of E&P Blocks.
Market Cap
₹ 33,655 Cr.
Current Price
₹ 237
High / Low
₹ 304 / 200
Stock P/E
Book Value
₹ 198
Dividend Yield
5.88 %
ROCE
11.6 %
ROE
18.1 %
Face Value
₹ 10.0
Debt
₹ 74,332 Cr.
EPS
₹ -60.4
PEG Ratio
Promoter holding
54.9 %
Intrinsic Value
₹
Pledged percentage
0.00 %
EVEBITDA
-18.5
HPCL looking good on chart, 200 day EMA is crossover just happen at 237 level. MACD bullish cross over is also gonna to be very soon. Right now it is trading in lower range but according to price action we can see upside moment, and very soon we can see huge breakout which can make HPCL towards 285+ levels. So if anyone wants to go long can go with given levels. Please follow strict stop loss.
If anyone wants to trade in Option writing can take this position:-
Sale hindpetro 240 Pe at 5.25
keep stop loss for this strike at 10
and hedge with Hindpetro 225 pe at 0.65...
If anyone wants to just naked option can go with :-
buy Hindpetro 235 Ce AT 5.8
keep stop loss at 1.5 and ride the trade for the target of 9/10/11+
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Thankyou.
Hindustan Petroleum Swing TradeAfter 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.
hindustan petroleum (HPCL) at a important level??hindustan petroleum (HPCL) at a important level??
if one look chart it looks like,,
hpcl fallen from its ATH around 495 on aug 2017
to recent low of around 150 on march 2020.
now it bounce back to a retracement level 50%.
where it taken support in past before ATH and fallen,
after ATH..
and become important resistant area around(320-340)
and unable to cross two times..
what will it do now??
observe it on ur risk and decide urself.
its simple chart .345-50 point range between high to low..
170-75 around done ..and equal left..
now up or down??
Oil and Gas about to break four times tested weak resistanceDTL BO (Down Trend Line Breakout)
Even Oil N Gas stocks are also setting up to move :
ONGC (being my fav with good results, check older posts), Oil Ind, HPCL, BPCL, IOC, Gulf OIl.
long term investment; min 40% return; inverted head and shoulderTrendline 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.
Hindustan Petrol ( HPCL) weekly Analysis CMP 257 Buy for TargeHindustan Petrol ( HPCL) weekly Analysis CMP 257
Buy for Target 300- 330- 350- 400+
SL below 220
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.
INVERSE head and shoulder in HINDPETROWe 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.
Swing Trade Idea for HPCL 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
Hind Petrol (HPCL) CMP 276 buy for Target 300-325- 355- 395- 4Hind Petrol (HPCL) CMP 276
buy for Target 300-325- 355- 395- 425- 450+
SL 220
Holding Period 1-2 years
Energy has exhausted its energy to sustain in Market.With the help of parallel channel and flag pattern, Nifty Energy is clearly showing downfall which will lead to shares likes Reliance Industries, ONGC, HPCL, Gail etc will also show weakness in the coming days. Traders can look for some shorting opportunities in these shares. This analysis is also supported by the ongoing news of diverting oxygen from industries to the NSE:RELIANCE medical health care system. NSE:ONGC NSE:GAIL
