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HINDUSTAN PETROLEUM CORPORATIOHINDUSTAN PETROLEUM CORPORATIOHINDUSTAN PETROLEUM CORPORATIO

HINDUSTAN PETROLEUM CORPORATIO

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HINDPETRO trade ideas

Inverted Head and Shoulder in Hindpetro.Stock has been in a down trend since june and was not able to give a break out. Price has tested the resistance zone 3 times and now is the fourth time it is trying to break. And during this process an inverted head and shoulder pattern is formed on the price chart. As we know that it is a reversal chart pattern, and we can see an upmove from here if price successfully breaks above the neckline and sustain there. From here if demand comes, we can see a huge breakout with above average volume, we can enter above 280 level and can put a stoploss below previous low which will be the right shoulder. If the price consolidates near the neck line it will be the best case secenario and will give a good risk to reward ratio.
NSE:HINDPETROLong
by anuragsahu614
2
Hindpetro Ascending Triangle BreakoutPrices undergoing Ascending Triangle Breakout All Levels Mentioned On Chart How to trade the setup? When the chart says Long or Short at particular level, Put a Stop Order at those levels, Levels are strict T1 : is Target 1 T2 : is Target 2 When you achieve your first target, book profits of 50% and shift the stops to the cost The term Catastrophe Stop, is a maximum movement of price that can happen in opposite direction of trade so that the setup remains valid, Its basically used, to give some breathing space to the trade, I may call for a recovery if the setup becomes invalid as the market progress. As we all know anything can happen in the market and we should respect that The Idea is for Educational purpose only At Last, do your own analysis, before trading your money!
NSE:HINDPETROLong
by Ankit_1618
1
HINDPETRO SWINGIt breaks a multi year resistance zone 332-339, with a 7.5% big bullish candle along with high volume . A good swing for short to mid term period. Buy price : 340-350 Stop Loss : 321 with a minimum target of 388. 55 EMA crossed 200 EMA on weekly chart which is also a good sign Disclaimer : This analysis/strategy is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
NSE:HINDPETROLong
by hjharsh