HINDPETRO trade ideas
HINDPETRO - Buy on DipBuy on Dip:
Dip1 :310
Dip2 :295
Target1 : 355
Target2 : 370
Target3 : 400
Note : This is for educational purpose only
HINDPETROInverse head and shoulder pattern breakout in weekly timeframe a good buying opportunity for medium term (3-5 weeks) for gains of up to 25%.
HPCL looking ggod for mid-long term CMP 350Hpcl looking good for mid-long term. CMP 350
Also good dividend yield more than bank FD...
HPCL bullish breakout1. breakout on weekly chart
2. crude prices soften
3. Fibonacci level 62 % is next target. if cross than good buy for positional trade
hindpetro weekly resistance breakout keep your eyes on it.hindpetro weekly resistance breakout keep your eyes on it and trade with proper risk management this analysis for educational purpose only.
Double top breakout weekly trend NSE: Hind PetroThis week Hind Petro has break the double top and is expected to move up
breakout we can see ATH in few coming days if it closes above its last 4 days high it can be a good trade
do your due diligence
HINDPETRO MONTHLY BREAKOUTHindustan Petroleum Corporation Limited (HPCL) is a subsidiary of Oil and Natural Gas Corporation. The energy sector looks good. There is a clean breakout on the monthly timeframe in hpcl.
T1: 390
T2: 495
SL: 298
Hindustan Petro is good movesHindustan Petro script is in one range from long time, at present the script is in good support and strong resistance level, its just for study purpose, invest with your own analysis.
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.
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!
Hindustan Petrol [LONG]A green candle giving a channel breakout with good Volume on daily time frame. Coming out nicely after consolidation phase. Highly probable to get momentum and reach target of 500.
Price and volume breakoutPrice and volume breakout is seen. Price has took support at 50 DMA and gave breakout previous high. Rise in crude oil price supports the price strength.
HPCLbreakout given weekly chart
might give good upside move in future
not any recommendation thank you
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!
HPCL breakout on daily chartHPCL given breakout on daily chart and also on weekly chart from 3year highs of 336
Buy at current 345-350 for the target of 360/390
with stoploss of 433.
Disclaimer: do your own research before investing trading on your own risk.
HINDPETRO | Promising consolidation - Looks good for 50%HINDPETRO | Promising consolidation - Looks good for 50% - Big move above 232 zone.
Making of W pattern
Consolidating in Flag
CMP : 220
SL : 200 (Just for this position)
Target : 330
1:5 risk reward setup
HINDPETRO | Simple trendline support with confirmation - 20%HINDPETRO | Simple trendline support with confirmation - 20%
CMP : 273
SL : 253
Target : 325, 345
1:4+ risk reward setup
