HINDUSTAN PETROLEUM Trading SetupLong time important support and level. Should take a bounce from here.
HINDPETRO trade ideas
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
hindpetrobreakout and pullback ....its taking support in the prev breakout zone
as long as it holds the support it can be a good pullback trade.....volumes are picking up
A big "w" on the wayyou can find a double bottom at its pre mature stage in weekly time frame . in daily chart a descending triangle is visible . go with a minimum quantity
Expecting good move in HINDPETROExpecting a good upside move if HINDPETRO can continue the recent trend.
HIND PETRO (SWING) - TL BOAccording to the weekly price action, Hind Petro can be bought at the daily BO of the trend line. Can give a good bullish move.
T1- 330 , T2 - 380.
*This is just an analysis and not any call...Trade as per your risk management*
buy buy with stop 232
for target 250+
alternate trade
buy future 1 lot @ 240
+
sale 250 ce 1 lot @ 3.3
(follow above spot levels for exit)
disclaimer - trade @ own risk
HINDPETRO | Positional TradeHINDPETRO broke out of the trendline and retesting the key zone.
Looking for a bullish confirmation for taking a positional trade.
Note: For educational purposes only!
Finally BreakoutBuying Price =230 - 241
Target =328
Breakout with heavy volume. Breaking the resistance too.
LIKE & FOLLOW FOR REGULAR UPDATES
BoxBO#HindPetro has given a RectangleBreakout or BoxBO on weekly scale. Also its a DoubleBottom breakout. RSIStairs and ADX in bulls favor. Post breakout BO retest done. Stock looks good for medium to long term portfolio investment. Copy book target for the above patterns fall at 335. SL being wider one need to protect it through hedging.
HINDUSTAN PETROL - WEEKLY BREAKOUTHINDUSTAN PETROL - WEEKLY BREAKOUT
trendline breakout
triple bottom
Bouncing from 61.8 Fib
Targets in green
HINDPETRO LongBreakout of a consolidation phase.
The breakout happened with good volumes.
Coming back for a retest.
Support from 200 Day Exponential Moving Average.
Good opportunity to enter a long position.
* Educational purpose only *
NSE:HINDPETRO
Swing trade in HINDPETROhind petro retest confermed and ready to boom upper side.you can book 60 percent profit in 1 target
HPCL AnalysisConsidering a retracement on the higher Time Frame, HPCL looks a good swing trade for the coming months.
It can achieve 50% targets in before the next earnings itself. Let's see.
SWING TRADE IN HINDPETRO || BUY ZONEHi, don't forget to like in case you like the analysis.
Analysis basis :
1. On a daily time frame we have seen a good multizone breakout, hence buy bias.
2. We came down to 4H time frame to check for accumulation zone and confirm with a double pattern breakout.
Suggestion : Aggresive entry (25%) now + Safe entry (75%) after zone break
I have personally invested like this. So I will keep you posted on the same.
Regards,
Abhishek Singh
