Lecture-4 Support and resistance, how to analyze.This is the fourth video of the topic basics of the stock market. The video deals with the support and resistance level in stock market price action.
#supportandresistance #basicsofstockmarket
HINDPETRO trade ideas
Hindpetro Trend Line BreakoutHindpetro Closing Price - 236.55
Buy On Opening At Cmp
Strict SL - 202 (WCB)
Target - 320+++
Looks for a great setupSimple trendline and Macd crossover.
Target of 250
SL at 223.
Not meant for any tip or call.
HINDPETRO 1H TF SHORTA good shorting opportunity in Hindpetro, we will be looking for a structure change at 1 hour poi then plan entry based on that. Potential 1:13 RR trade.
HINDPETRO | Positional TradeHINDPETRO broke out and retest the trendline (1M TF).
Keep on your watchlist!
HINDPETRO Long PositionWe could clearly see a triangle pattern breakout which happened at the beginning of FEB and we are now having the same level...Enter for a long trade for min 3 months and place SL below the traingle pattern.
HPCL looks bullishHPCL is about to upside movement from the support level
#positional
HPCL buy at 230
Tgt: 242, 250, 260+
Sl: 225 (closing basis)
Timeframe: 2-3 weeks
HINDUSTAN PETROLNote: This is for educational purpose only.
Bounce back expected from the current levels and closing below 226 will fall more.
HINDUSTAN PETROLEUM Trading SetupLong time important support and level. Should take a bounce from here.
BEARISH SET UP IN HPCLDESCENDING TRENDLINE IN HPCL.
Good bearish setup seen , Swing traders can take an exit.
Long term investors can add at lower levels.
HINDPETRO INTRADAY CUM SWING OPPORTUNITYHINDPETRO (HPCL) HAD GIVEN A LONG TERM BREAKOUT LAST MONTH AND IS NOW IN RETEST ZONE , ALSO ON 1 HOUR TIMEFRAME IT IS GETTING ACCUMULATED AT CURRENT LEVLES AND GOOD VOLUME BUILD UP IS ALSO SEEN AS WELL AS IT IS NEAR TO SHORT TERM TRENDLINE BREAKOUT TOO SO ONC IT CLEARS THE TRENDLINE A GOOD UPMOVE CAN BE SEEN AND A DECENT PROFIT CAN BE EARNED WITH A RISK:REWARD RATIO OF 1:2 SO A GOOD BUYING OPPORTUNITY CAN BE SEEN HERE.
BUY @ 238,10
SL 230.55
TARGET 1: 245.65
TARGET 2: 253.20
TARGET 3: INFINITY
#KEEP LEARNING KEEP EARNING
NOTE: THERE IS ONE MORE BIG OPPORTUNITY SEEN IN THIS COMPANY , IF YOU WANT TO KNOW ABOUT THAT THEN COMMENT BELOW
