OIL MARKETING COMPANIES ARE NOW IN BUY ZONECHECK OUT THE CHARTS OF BPCL, HPCL AND IOC.
ALL CAN TURN OUT TO BE GREAT WINNERS AHEADD IN THIS FALLING MARKET
HINDPETRO trade ideas
Hindustan Petroleum Share | Delivery Stock For 2-3 MonthsIf Breakout is Happen you can Buy For Delivery purpose.
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1st Target Time Duration is Around 2-3 Months according to Charts.
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You can also give your suggestions in Comment section
Long for 300+ as long as it holds 242Price may break the support due to weak broader index.
Twice the stock has taken support at 242 recently after breaking out which confirms the valid breakout.
248, 260 as the first minor resistance points and then can aim for 300+
Seems to be very Bullish!!! Analysed levels mentioned on chart!!!
For any query ping me into the inbox!!!
Regards @MrAkshatP
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 .
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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.
