HINDPETRO trade ideas
Good Breakout not Much volumeAdd it on watch list
Had a good breakout and Retest done if sustains above 400 then targets are mentioned
HINDPETRO BULLISH BREAKOUTIts a up flag breakout.Breakout is happened after a long consolidation with huge volume. Track stop loss on daily closing basis.
Continuation Pattern Breakout seen in Crude oil Marketing stockHello everyone, i have brought a stock which has given a neat and clean Ascending triangle pattern Breakout with good volume spike stock name is HPCL, before to jump into stock i want to teach you guy's about this pattern so if you see from next time onwards, you can play this.
Q:- What is Ascending Triangle Pattern?
Ans by Rahul:- It is a bullish continuation pattern that occurs in an uptrend and signals that the price of the stock will continue to trend higher on completion of the pattern. This pattern shows that buyers are getting very aggresive and are likely to take prices higher once the price breaks through the pattern.
Q:- How to Trade this Ascending Triangle Pattern?
Ans by Rahul:- First of all you have to wait with patience to see a perfect breakout on chart with good volume spike. Then you have to take entry once breakout confirmed, and the potential target for the pattern is normally calculated by projecting the height of the Ascending triangle at it's thickest point above the breakout point and stop loss will be placed at the swing low which occurs just before the price breaks the resistance on the upside as shown in HPCL chart above. This will give us favorable risk to reward ratio.
So, I hope you now know about this pattern (Ascending Pattern). If you really learned something, don't forget to like this idea, because it will increase my confidence level to provide you guys with this type of learning content as always.
Let's focus on Company Now:-
Hindustan Petroleum Corporation Ltd is mainly engaged in the business of refining of crude oil and marketing of petroleum products, production of hydrocarbons as well as providing services for management of E&P Blocks.
Market Cap
₹ 84,175 Cr.
Current Price
₹ 396
High / Low
₹ 402 / 159
Stock P/E
8.52
Book Value
₹ 221
Dividend Yield
6.70 %
ROCE
21.3 %
ROE
40.4 %
Face Value
₹ 10.0
Industry PE
11.5
Debt
₹ 66,684 Cr.
EPS
₹ 46.4
Promoter holding
54.9 %
Intrinsic Value
₹ 318
Pledged percentage
0.00 %
EVEBITDA
7.25
Change in Prom Hold
0.00 %
Profit Var 5Yrs
19.1 %
Sales growth 5Years
9.51 %
Return over 5years
17.6 %
Debt to equity
1.42
Net profit
₹ 9,883 Cr.
ROE 5Yr
16.7 %
Profit growth
18.5 %
Earnings yield
9.99 %
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.
HINDUSTAN PETROLEUM |Ascending Triangle & Channel BreakoutHINDUSTAN PETROLEUM |Ascending Triangle & Channel Breakout
Chart Analysis
1) Ascending Triangle Breakout
2) Channel Pattern Breakout
3) Breakout consolidation breakout
Ascending Triangle pattern breakout in HINDPETROHINDUSTAN PETROLIUM LTD
Key highlights: 💡⚡
✅On 1 Day Time Frame Stock Showing Breakout of Ascending Triangle Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 480+.
✅Can Go Long in this Stock by placing a stop loss below 370-.
MACD Crossover Swing Trade - HINDPETRO📊 Script: HINDPETRO
📊 Sector: Refineries
📊 Industry: Refineries
⏱️ C.M.P 📑💰- 350
🟢 Target 🎯🏆- 371
⚠️ Stoploss ☠️🚫 - 341
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
hind petrolhind petrol making a move towards the top.
1. draw the trendlines as shown
2. has it followed it before, yes or no
3. keep a short stop loss to avoid heavy losses.
4. god bless
Hindustan petrol has good inverted H&S patternHindustan petrol has simple inverted h&S pattern formation. good upside move possible.
Hpcl towards 585 10-12% Expecting a 10-12% upside in hpcl as per the chart pattern observed here. Expecting it to consolidate inside this pattern for one more round of swing and then might breakout or down have to wait and watch
Currently expectation is for 10-12% in this trend
HINDPETRO - Swing Trade Analysis - 11th April #stocksHINDPETRO (1W TF) - Swing Trade Analysis given on 11th April, 2024
Pattern: FALLING WEDGE BREAKOUT
- Trendline Resistance Breakout - Done ✓
- Volume buildup at Resistance - In Progress
- Demand Zone Retest & Consolidation - In Progress
#hindpetro #niftyenergy
Hindpetro 1dtfTrendline and pattern breakout in this stock and retrace also done on trend line if breaks previous day high makes entry and maintain strict stoploss at previous day low
Short HPCL, clearly a H&S is formed Hindpetro is clearly a sell now, confirmation is there when u look @ Bpcl ..
both have formed H&S and even IOC has double top formed ..
So be very very careful with your delivery positions ...
Short in options.
HINDPETRO Breakout with retracement on WTFHINDPETRO looking Bullish if crosses barrier of 595.
CMP 526.
HINDPETRO buy above 540.90Weekly charts are very strong with strong RS
On daily charts yesterday was a high volume fall but today did not see a follow through
Daily momentum also going strong
Only concern is falling RS on daily chart but it should also become positive with breakout
Hindpetro dividend stock must in portfolioStock coming to the trendline support and looking good for entry for 600 plus.
Hindustan Petroleum Gave Sloid Breakout Hi
Hindustan Petroleum gave breakout from parallel Channel on daily time frame. we will buy on dips from 505 to 530 range for the target of 578. The SL will be 488.
Happy trading
Will This Breakout Sustain?from the last 12 months 2 breakout was failed in Hindustan petrol (HPCL)
But this time looks different , can expect good returns
do your own analysis before take a trade
HPCL and BPCL Ready for RallyElliottwave
Update on NSE:HINDPETRO HPCL and NSE:BPCL
Wave 2 correction looks over. Price breaking out.
Shall be heading higher in wave 3 in next 6 months.
Keep An Eye - Triple Bottom - HINDPETRO📊 Script: HINDPETRO
📊 Sector: Refineries
📊 Industry: Refineries
Key highlights: 💡⚡
📈 Script is forming Triple Bottom on Weekly Chart, it has given breakout once and again it retested.
📈 Script is trading near neck line of Triple Bottom which is around 492.
📈 Keep an eye on stock, we may see breakout of it and some good rally into the stock.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 492
🟢 Target 🎯🏆 - 534/555
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
HINDPETRO 1HRHINDPETRO Looking good for Downside..
When it break level 478 and sustain.. it will go Downside...
SELL @478
Target
1st 473
2ND 469
HINDPETRO APR FUT – 3 LOT (Qty-8100)
MINIMUM 10L CAPITAL
Enjoy trading traders.. Keep add this STOCK in your watch list..
Big Investor are welcome..
