Get started
HINDUSTAN PETROLEUM CORPORATIOHINDUSTAN PETROLEUM CORPORATIOHINDUSTAN PETROLEUM CORPORATIO

HINDUSTAN PETROLEUM CORPORATIO

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals Options Bonds

HINDPETRO trade ideas

All About 200MA |How to use it to take trade with example.Part-2NSE:HINDPETRO All About 200 DMA. How to use it to take Mid/Long term trade. 1) What is 200DMA? It is simple technical analysis tool that is and average of daily close price of last 200days/candles. It is used to smooth out the price and it will remove the intraday fluctuation noise. 200DMA --> 200 Daily Moving Average 2) 200DMA is the one of the main critical support/resistance that it will work in downtrend or in uptrend. ------------------------------------------------------------------------- How to use it and how to take long term trade? 200DMA as support: If price is above 200DMA then it will work as Support and it is time to buy trade opportunity. Please refer below chart: 1Day Time Frame 200DMA as resistance: If price is below 200DMA then it will work as resistance and it is time to short/sell trade opportunity. Please refer below chart: 1Day Time Frame ------------------------------------------------------------------------- Strategies to Enter and Exit in Trade. Step: 1 Need to find Chart pattern on Daily Time frame, such as bullish flag, triangle, rounding bottom, cup and handle head and shoulder etc… Step: 2 If there is no clear pattern, then judge the price action. If it is trading in uptrend/downtrend parallel channel, if it is in accumulation, if it is in distribution etc…. Step: 3 Find Support and Resistance on Chart Once these 3 steps are clear you have most of all for mid/long term trade. ------------------------------------------------------------------------- NOW Let’s look at example. I am taking HINDPETRO for example. ------------------------------------------------------------------------- For Sell Trade Let’s take Step: 1 So, in below chart we found one pattern which is double top pattern . And it has neckline of 400 level range. Which means on breakdown of 400 level range it will be in down trend/bearish. Please refer below chart: 1Day Time Frame Step 2 is not needed as we already found Pattern. But since we can see the trend is downtrend as we can see long red candle bodies and smaller green candles in comparison. Please refer below chart: 1Day Time Frame Step 3: Please refer below chart for Support and resistance level. We can see that it is having immediate support at 400 level which will be the neckline of double top pattern. And the next level 380 will work as major support, as previously it worked as resistance. One could have taken short trade on breakdown of 400 level with quick target of 380 level only. But safe short trade will be on sustainable breakdown of 380 level. Please refer below chart: 1Day Time Frame ------------------------------------------------------------------------- Now the main point about Target: What can be the Target. There can be two targets 1) Target w.r.t to double top pattern. So it comes as 92 points down from the neckline which will come as 308 level range. Please refer below chart: 1Day Time Frame 2) Targe w.r.t to 200DMA breakdown. In this we have to go back in recent past from where it took support from the 200DMA and find the points it raises from it in uptrend. And the target will be minimum of 60% of those point on downside once it gives breakdown of 200DMA. So, we can see recent rise of 160 points from 200DMA and for downside target we can consider minimum of 60% of these 160 points as our downside target which will be 96 points. Hence our target will come as 304 level. In some cases the target will be same as the rise. SL can be 420 and target will be 304 level. So our Risk reward ratio will be 96 (target points from 400 level) /20 (points up from 400 level) = almost 4.8:1 Please refer below chart: 1Day Time Frame Hope I made it easy to understand. You can refer part-1 of this 200DMA with example of buy trade for the same stock HINDPETRO. Comment your doubt or suggestion if any. **************this is for educational purpose only**************
NSE:HINDPETRO
by Trading_hawk
26
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