HINTPETRO IHS Pattern- HINDPETRO is close to breakout from Neckline of Inverse Head & Shoulder Pattern.
HINDPETRO trade ideas
#HINDPETROCloses above the congestion zone with 242.10
Move towards 322
Picnic Halt at 246 / 260 / 301.25
HINDPETRO: One Resistance down, One more to go!🚀A clear BUY above 240. Seeing the current big bullish candle and highest so far closing I expect it will break it!
HPCL: Multiple Breakout on Cards Above 240HPCL is gearing up for a strong breakout above 240...watch out
HINDPETRO : Nice buy on BOMy wave analysis suggest a good BUY opportunity coming soon on BO..
DO NOT ENTER NOW.. wait for reversal pattern and then enter.
Happy Trading.
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HINDPETRO - 365 Days' range breakoutHi Investors,
HINDPETRO is forming a nice Higher low consolidation near 365 days' overall range.
I hope you will benefit from this knowledge
-MetaVish
HPCL - Potential DB with Breakout above 23.6% Fibo. (W). Go long in the 212-216 Zone; STOP below 162; Tg . 330; 475.
HINDPETROHINDPETRO SELF EXPLANATORY CHART
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Hindpetro - close above 242 - good for LongPrice once again tries to break the long time resistance levels and it is just holding at the edge. Only after closing above 242 level will give the pass to move further to 300 levels.
One should wait for the close above 242 levels in weekly time frame.
HindPetro Bullish above 240 moving on to 267 - 330 levelsHind petro has been trying to break 235-240 since last Feb 20. Stock has been taking support around 208-210 levels and makes strong comeback.
With oil marketing companies riding on higher fuel prices especially diesel closing in on petrol with fuel demand and consumption steadily shooting up this stock can ride upto immediate target on 267-270 levels before moving towards 325-330 levels.
A weekly close above 240 levels can see good upside and strong buy in the stock.
ADX and +DMI along with -DMI indicates change of trend while MACD is creeping in +ve territory. Keep an eye petroleum companies especially oil marketing companies.
Happy trading!
Watchout for Resistance breakoutThe stock has taken support and testing its resistance level again. Looks good above 224 level
Hindustan Petroleum could be a good stock for Stock SIP!Considering the fundamentals of HINDPETRO and peer companies, stock is well placed for exponential growth in medium term of 12-24 months.
For one time / staggered investment:
Buy at two zones : 216 - 220 and between 200 - 205 Levels
Stop Loss : 160
Target: 245, 310
For SIP:
Buy on weekly SIP and accumulate for 8 - 12 Weeks
HINDPETRO_25_01_2021HINDPETRO
BUY ABOVE 230
STOPLOSS 227.5
SELL BELOW 225
STOPLOSS 227.5
#technicalAnlaysisbyRK #hindpetro
HINDPETROL IN 1DTF. LOOKS BULLISH. Once the slant trendline formed over a long period of time breaks , HP may go up by 35% .Since its breaking tearly and monthly lines. Happy Trading. NSE:HINDPETRO
