HINDPETRO trade ideas
Buy on DeapBuy for good swing trade and get good Risk reward ratio
1. Tracking support on 100 SMA
2. RSI Diversion done + Rsi oversold
3.MACD is ready for crossover
4. Sector is Under value
High probability to bounce
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HINDPETRO intraday trade idea for 26th Jul#HINDPETRO entry and exit levels on the chart (refer black/blue lines). Place SL@0.7% of the entry price. Zones (in pink/orange) are the places where it's unsafe to enter. As long as it's above 275.60, its bullish for me.
2 reasons to buy HPCL1) Reversal from 0.5 Fibonacci level.
2) Reversal after making a morning star pattern- bearish candle, Doji candle and then bullish candle. This pattern is formed after a downtrend and is a strong sign of reversal.
Buy at CMP for a target of 290.
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HindPetro - Round Bottom ViewHindPetro :
Round bottom breakout view
Looks good above 275.5 with SL 272
Hpcl pull backIn hpcl after a good decline we may now see a pull back from the level of 263
We can buy hpcl around 263 with stop loss of 258
Below 258 panic till 245
Hindpetro buyBuy from 282.5 to 280.5
easy target 290
tg2 - 298
Disclaimer : This is my personal analysis for study purpose not intended for trading
HindPetro - Resistance Breakout PossibilityHindpetro :
Looks Good for Resistance Breakout
Long above 312 with SL 304
Hindustan Petroleum Corporation Limited. Swing Trade AnalysisHindustan Petroleum Corporation Limited. Stock is trading at the demand zone, After consolidation stock is now ready to go long, All entry, target, and stop-loss points are mentioned in the chart, act accordingly.
HIND PETRO EXPECTED 50 % RETURN.Hindustan petroleum is getting ready for a big run. chart is self-explanatory. when 3 year strong resistance is broken, we can expect a minimum return of 50% in coming weeks.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
