Search in ideas for "HPCL"
HPCL-Fib levels, 61.8% gone, 78.6% @134- Early march time cycleChannel down still in force. Temp support around 180. Fibonacci support was @211- gone. Next @ 134. Time cycles suggest relook around feb end - early march
HPCL - Can go both ways. Contra long towards 2 50with SL@240Looking for a higher bottom possibility here
HPCL - down from 493 to 260 - weekly trendline @240-245Weekly trendline support comes in the 240-245 zone. Look to accumulate closer to that range
HPCL - Down Trend.Positional View.
Other Details Mentioned In Chart.
Please Consult Your Financial Advisor Before Taking Any Decision.
I am not SEBI registered Financial Advisor.
Held 8/1 angleHPCL held 8/1 ascending angle and is on the way to cross descending 2/1 angle by May end.
If the saffron line is maintained, target 350 by June 1st week.
HPCL SHORTChart shows down converging channel. It can go further downside at its imediate support of 348. Then a consolidation can taken place,and rally can be possible from that level.If it breaches the level of 348 then the support can shift to 325.
HPCL BUYIT HAS TAKEN SUPPORT ON THE BASE LINE OF THE TRIANGLE AND COULD INCH TO MOVE TOWARDS THE UPPER LINE. ALL INDICATORS SUCH AS CCI, MACD AND RSI ARE ON OVERSOLD ZONES AND A TECHNICAL PULLBACK FROM HERE COULD INCH IT TOWARDS 410 LEVELS AND A BREAKOUT FROM THE TRIANGLE CAN SHOW US A NEW RANGE.
HPCL Accumulation zoneSupport zone 400-410
Once buyer seller imbalance gets in place we might see a break out of this zone on the upside.
A trade plan can be drawn out from this with good risk reward ratio.
I would like to accumulate with a small risk to hope for big profits as suggested in the chart
HPCL WEAKShort on any up move near 540 for Target 502/485
If market remains week, Short on Monday will Small SL of 536
Small SL 550
Target 500/583
HPCL : Stock entered down trend Stock has made Lower high and Lower low , which confirmed
down Trend , any pull back toward 514-520 is shorting opportunity for 500-490-481 sl 530
HPCL Sell below 540Broken Trendline Support . Results were not impressive . Short below 540 with Stop of 548 and target of 528
HPCL- What a double bottom-No trade zone between 487-403Doji Candle having monthly range as 487 on top & 403 to the bottom will decide which way this stock wants to head. Likely this could be range bound movements in the coming months unless levels mentioned above are taken out.
Trading a sideways pattern is always tough- you can make money Intraday wise, but chances of getting trapped shall be on a higher side if you cannot manage the trading risk in a blink of the eye.
For me this stock will be on the radar once doji candlestick extremes are crossed. From base of 50's it traveled close to 500 in 2-3 years- so what a double bottom.
Important levels for the year.BSE:HPCL1! NSE:HINDPETRO
DISCLAIMER: This is not any kind of investment / Financial advice, I am sharing my view only for educational purposes.
HPCL is trying to be bullish but still it has to face many sellers, if it has any potential for going up , we can see the price testing and moving around the upside target as specified in the chart.
Consider every target area as a major profit booking area too.
Even if it shows Bearishness i have also specified the potential short targets.
All the levels are very crucial level that HPCL is going to test the remaining half of the year.
Club these levels with your existing knowledge and startegy for more accuracy.
HindPetro Macquarie Upgrade Macquarie upgraded Oil and Gas companies on fundamental valuation. HPCL, IOC, OIl, Reliance. We're betting on current momentum of HPCL.
HPCL = Hindpetro.
Will update the stop loss to cost the moment it comes into profit.
