HINDPETRO trade ideas
HPCL LONG POSITIONHPCL looks all ready to break out and give gains in the longterm. Breaking its resistance at 235 reaching a short-term high of 252. HPCL is bullish and is ready to boom.
PS: I'm a College Student, not a broker, I'm not qualified enough to suggest people trades. I'm a student to take a keen interest in the Stock Market during the lockdown. These are for educational purposes. Please do share your views and suggestions, I am still learning.
continue up trendAfter breakout now in consolidate, it seems that this trend will continue even further. there are quite good signs in the chart.
1. strong breakout with volumes
2. after breakout consolidate in a narrow range
INSIDE BARBuy above Black line. Sell below red line.. just a view better seek professional advice...
HINDPETROHINDPETRO 2yrs Trendline breakout.
Good Swing Trade.
Comment your views on this .
Follow for more Analysis
Trade Idea #10, HINDPETRO | BuyPOSITIONAL TRADE!
Reasons to Trade:
1) TrendLine resistance
2) Good Volumes
3) Inverted Head & Shoulder Pattern
SCENARIO 1:
The stock might break the Long-term TrendLine as well as the Channel pattern with good volumes and fly.
SCENARIO 2:
The stock might come down and fill the gap, where the fib 61.8 matches, and then fly.
We will Check which scenario happens in the coming days
HINDPETRO - WEEKLY BREAKOUTIf it sustains above 236 then we can see 100 points rally above.
Buy at CMP, SL - 230 Target - 265+, 325+
P.S: Trade at your own risk.
HINDUSTAN PETROL - BUY AT CMPHINDPETRO looks good at 230. You can buy at CMP with SL of 213, Target 300-330.
#HINDPETROCloses above the congestion zone with 242.10
Move towards 322
Picnic Halt at 246 / 260 / 301.25
HPCL - Bullish BreakoutNote: This is for educational purpose only. Please do not trade F&O in this.
There seems to be a bullish breakout in play. The breakout is happening from last 52 week resistance. There seems to be a breakout is RSI as well. RSI at 69 indicates bullish momentum. Moreover, the breakout is happening post build up near resistance which is a sign of strength.
SL: 220₹
Weekly Trend Line Breakout on Hindpetro (positional trade)such a good weekly trend line breakout which has been forming since 2017
Best time to enter trade or else wait for the price to retest
The 1st target is @325 which has a previous resistance and 2nd target is @470
HINDPETROHINDPETRO: Looking Good
Triangle Breakout 240 If sustaining above 240
Buy Above 240 Add Until 210 Stop-Loss 200
Target 265-290-320-350+++
Positional Call
