HINDPETRO trade ideas
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.
Today's move on HINDPETRO vs NIFTY on 13th DECIf you can spot the similarities, you know what to do.
I will attempt a sell at 0.786% retracement level with the SL of swing high..
I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views.
Hindustan Petroleum Corporation Ltd - Breakout OpportunityDate : 26-Dec-2024
LTP : Rs. 419.30
Targets: (T1) Rs. 439 --> (T2) Rs. 457 --> (T3) Rs. 520
SL : Rs. 388
Technical View:
• NSE:HINDPETRO is in primary uptrend and was recently going through secondary downtrend within primary uptrend.
• After touching a high of 457.15 on 5-Sep-2024, it has retraced 22% to 354.90 level.
• NSE:HINDPETRO has breakout from it's secondary downtrend with higher than average volume on 26-Dec-2024.
• NSE:HINDPETRO is trading above 20 DEMA and 50 DEMA since last few sessions. 20 DEMA has also crossed over 50 DEMA.
• RSI is trading at 63.98 and MACD is trading at 6.66.
• Looking strong to start a new swing from here.
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Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. My ideas are published for learning purpose only and are available to everyone at no cost/charge.
HINDPETRO LONGGHINDUSTAN PETROLEUM CORP is looking strong upside.
Entry for swing trade
You can go for it after doing your own analysis.
entry price, target and stop loss has been updated in the chart.
ONLY FOR EDUCATIONAL PURPOSE..!
HINDPETRO - Breakout in 30 min Timeframe. INTRADAYStock price is near the resistance line and breakout. We can have 379 as SL. This is suitable only for Intraday.
Hindustan Petroleum Corporation LimitedHindustan Petroleum Corporation Limited
cmp 360 SL 325
Tar open
Rsi divergergens in daily chart
& Trend line support
Hindustan Petroleum#hindpetro Hindpetro-As per the Technical chart Stock
is moving out from the support zone,
A good movement is possible in Hindpetro for upside Targets.
HINDUSTAN PETROLEUM By KRS ChartsDate: 21st Aug 2024
Time: 1:34 PM
Why HINDPETRO?
1. All over its a Bullish Stock with Good Fundamentals.
2. Recently made Flag Pattern and broke it as we can see in Chart ⬆️
3. Also, something is not visible in chart is Cup & Handle Pattern in Weekly and Monthly TFs.
1st Target will be 525 Rs with SL of 375 Rs from CMP.
Grab this stock at this price-HINDPETROStock has been analyzed based on my trendline analysis. Please note that levels given are for training and educational purpose only. Please do consult your financial advisor before investing in the stock
hindpetro inclind double bottom very god bottom formed that too inclined is better ,
double bottom is really powerful indicator of move
Morning Star at several Fib clusters in HINDPETRO Wave C of Flat correction has fulfilled the rule of equality (Wave A and Wave C are equal).
There is also a Fib level of fib retracement of the previous impulse at this level.
We can also see the Morning Star pattern forming at this cluster.
This suggests a high probability of a buy trade in HINDPETRO .
Stop-loss for this trade can be put below 61.8%, i.e., around 360 level.
This analysis is for educational purposes only.
HPCL pole flag B/O and reversal from fib golden zoneHPCL has B/O from p-ole flag pattern.\
Reversed from fib golden zone and a trend support line.
One can test the swing with strict stop losses.
Open for discussions.
HPCL ..continuation of the uptrend if it holds above ₹398.Hindustan Petroleum Corporation (HPCL) shows a strong upward trend over the past year, with the price recently breaking above a key resistance level around ₹398, now acting as support. A retest has occurred near this support, indicating a potential continuation of the uptrend if it holds above ₹398.
HPCL - Short term breakdownWith chatter about a fuel price cut..
HPCL could have a short term breakdown..
Short below 406.50 with a Stoploss above 420.
If the breakdown happens the stock could gravitate towards 392 which is the 50EMA.
Candlestick Pattern: HindpetroPattern:- Evening Star.
Result:- Indicaton of Bearish sentiment.
Entry:- Breakout of the low of the current candle (below 432)
Pro tip:- Wait for a breakout of the range 432-430 for the entry.
Target:- 408, 402
SL:- 439
Prices in spot
HINDPETRO : POLE AND FLAG PATTERN Trade activate based on closing above breakout level
POLE And FLAG Pattern:
Healthy consolidation on weekly chart
Rising RSI on all time frames
Rising volmes on daily chart frames
Targets : 430/480
SL : 385
HPCL Monthly Chart Suggest 3x possibility in next 5 Years.HPCL Monthly Chart Suggest 3x possibility in next 5 Years.
Monthly Chart is in clear uptrend & recently broken its ATH.
LTP - 419
Targets - 1330+
Timeframe - 4-5 Years.
Happy investing.
Hind Petro Breakout & Retest PatternHello Traders,
Hindustan Petroleum has Started rising again & given the breakout above the 415 retest zone.
Plan out for a swing trade.
Boollinger Band Expansion on hourly chart with volumes, can give better targets.
Educational Purpose only
Thank you
Prince
Hindpetro breaksout resistance HINDPETRO has given a resistance breakout on the daily chart supported by rise in trading volumes. The 397-407 zones acted as strong resistance for the stock.. Holding Above the & close can give boosted Rally with Sup which is nearly weekly lows..!!
Hindpetro Breaks Out on Daily Chart: Bullish Momentum AheadHindpetro's bullish breakout on the daily chart suggests strong upward momentum and the potential for further gains. Traders may look to capitalize on this opportunity by entering on confirmation of the breakout, targeting higher resistance levels while keeping an eye on the previous resistance as a new support zone.
Swing Trade - HINDPETRO📊 Script: HINDPETRO
📊 Sector: Refineries
📊 Industry: Refineries
Key highlights: 💡⚡
📈 Script is trading at upper band of BB.
📈 MACD is giving crossover .
📈 Double Moving Averages are giving crossover.
📈 Right now RSI is around 68.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 407
🟢 Target 🎯🏆 - 432
⚠️ Stoploss ☠️🚫 - 393
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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