Hindpetro price action trade setupIf price respect it's support & resistance trendline then this trade setup will work perfectly.
Entry-237.35
Profit-279.60
SL-228.20
HINDPETRO trade ideas
HPCLHPCL - Cmp 364
Break out candidate. Looks good for long with 240 sl on closing basis for targets of 300/330.
Hind Petro - Bullish viewReasons for buying :
1. +RSI divergence
2. Trendline break
3. FIbo 61.8% support level
4. Conitnuation of bullish trend
Hind Petrol (HPCL) CMP 276 buy for Target 300-325- 355- 395- 4Hind Petrol (HPCL) CMP 276
buy for Target 300-325- 355- 395- 425- 450+
SL 220
Holding Period 1-2 years
THIS CAN BE MASSIVE!!HINDPETRO has broken its long time zone and it can give pretty good targets which are mentioned in the chart alongside the stoploss.
#HINDPETROCloses above the congestion zone with 245.25
Move towards 322
Picnic Halt at 246 / 260 / 269.20 / 298.15 / 301.25
HINDUSTAN PETROL-BREAKOUTGAVE A BREAKOUT IN THE DAILY TF. RETRACED A BIT. AGAIN READY FOR AN UPMOVE. SHOWING GOOD PRICE ACTION. KEEP ON YOUR RADAR. TARGET 1-285 TARGET 2- 299. STOP LOSS-255. NOT A VERY GOOD REWARD TO RISK RATIO AT THE MOMENT.
HPCL rebound from lowsIt is on a verge to a rally unless 219 breaks on the below.
First target is 330 and then 490
Divd yield is 3.72%
Promoter holding 53.5%
Debt/ equity - 0.91
Pledged percentage - 0%
It is a good fundamental pick with comparitively cheap price compared to peers. Technically it is showing a rebound from its lows.
Due to increasing demand of economy recovery there is an expectancy of increase in EPS for further years.
Company is expecting prices to range between USD50-60/bbl in which case they are fine with this oil prices.
Disclaimer - This post is for educational purpose only. Please consult your financial advisor before taking any position.
HINDPETRO LONG HINDPETRO Looks good on the weekly chart and day chart, would be good to go long from this level 230-220.. All important levels are marked on the chart.
HINDPETRO resistance brokenDate: 12/ 05 /21
Stock: HINDPETRO
CMP: 266
Transaction type: Buy
Price: CMP
Target: Marked in chart
SL: 245
Triangle breakout followed by a strong resistance breakout
HINDPETROHINDPETRO (Weekly):-CMP 265 Look Good For 350/400++
1) Multiyear Breakout :)
2) Volume Buildup
#HINDPETROCloses above the congestion zone with 245.25
Move towards 322
Picnic Halt at 246 / 260 / 269.20 / 298.15 / 301.25
HPCL LongStock has given breakout in weekly TF & retested the TL with low volumes. In 1H tf it has formed IHNS and breakout with good volumes. Chart and levels are self explanatory.
HINDPETRO LONG, coming out of consolidationHINDPETRO on weekly candle gave breakout of previous support on weekly candle. Then it gave 8-10 weeks of consolidation in in very small range and now coming out of conolidation.
HINDPETRO LongTaking support at weekly trandline.
Also broke falling channel pattern in daily timeframe.
Entry, SL and Target is mentioned on chart.
Hindpetro may can give a clean breakoutThere is a series of accumulation at the Resistance level so if there will be volume support, it might touch its targets within a single day. Multiple retests have been done at the Resistance level. If it doesn't touch a target within a single shot, then it can do some retracement after which it will touch its target. SL can be put in a 1:2 ratio.
