price is traded at support area so it s possible chance that price will move upper side
after breaking of trendline entry will be possible
Stop loss will below last swing low which is marked in red area
target as marked in zone.
This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any...
The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
INTRADAY Trading...
-ready to break box pattern
-rsi showing strength
-volume rising in lower time frames
-macd crossover done
-keep in radar it can give upto 20% return above box
Classic VCP has bee, formed in HIND OIL EXP, need strong close above 211 for more advancement, but be cautious as most trades are getting stoploss hit.
Buy- 199.7
Tgt- 258
Stoploss- 191.7
Risk/Reward- 8.11
HOEC is holding the bottom of upward channel and trading above 20 EMA
We can see it going to the mentioned targets in chart
keep stop loss as 160 on day close basis
Sector : Oil & GAS
MCAP : Small Cap
Industry : Oil Exploration & Production
Challenges:
Hydrocarbon Exploration Risk: Finding commercially viable oil and gas reserves is inherently risky and involves significant upfront investment.
Fluctuating Energy Prices: The global oil and gas prices can be volatile, impacting HOEC's revenue stream.
Government Regulations:...
-support from lower trend and now near resistance area
-momentum is very strong and volume is also high oil & gas sector stocks rising
-above resistance area it can give 20% return in short term
-keep in radar Hindustan Oil can give decent return
🔍 Technical Analysis Update for NSE:HINDOILEXP - Week Starting January 23, 2024
📊 Current Status: The stock closed at a high of ₹186.85 on the last trading day. It has been range-bound since August 2023 but recently breached a six-month high before closing just below it.
📈 Entry Point: Consider entering the trade if the price crosses and sustains above...
Positional trading pick!
#HINDOILEXP might head towards 300 levels
Fundamentals:
- Mcap: 2471 cr; P/E: 9.31
- ROCE: 20.4%; ROE: 24.1%
- 3 yr Sales/PAT CAGR: 40%, 24%
Technicals:
- Trend changed to uptrend in Apr'23
- Price retested the breakout zone in Aug'23
- No follow-through selling after Aug'23 sell-off
- Price consolidated towards channel support for the...
In the Weekly Chart of HINDOILEXP ,
we can see that, after the failure of big Cup & Handle, it made a strong consolidation at last support and has given Trendline breakout.
Also, Inside and decision making candle is formed.
we can enter on breaking its High with Low as SL.
HINDUSTAN OIL EXP at good levels...
Range BO after last four months consolidation with good volumes
Now trading at recent high levels
If this level breaks on weekly closing basis, then can b seen at +200 levls
This is not a BUY or SELL recommendation.
I am not SEBI registered; this idea is for Educational Purpose only.
Learn, Practice & Earn.
The stock has consolidated for 5 months and now trying to give a range BO.
A weekly closing above 185 - safer above 188 will confirm the breakout and can make the stock further more.
This is not a BUY or SELL recommendation.
This idea is for Educational Purpose only.
Learn & Earn,
Dr. Tanya Kumar
As per the trend
it has two weekly support. currently trending in channel bellow 50 SMA.
as per the demand and supply rule, it has to react from
1. 175 RS if daily channel breakout is done.
2. if stop-loss hits then it can react from either of the supports or react from the combination of the two support zones.
tell me if anything is missing from my...
