HINDUSTAN PETROL - BUY AT CMPHINDPETRO looks good at 230. You can buy at CMP with SL of 213, Target 300-330.
HINDPETRO trade ideas
#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
HINDUSTAN PETROLHey All,
Technical ground
HINDUSTAN PETROL - CMP 240.4 at the time of analysis.
If able to close above 242 + then it will be enter into zone of Rs.250 to Rs.300 /-
My expected target is Rs.260/- ( short term)
chart pattern seems to be : double bottom
HINTPETRO IHS Pattern- HINDPETRO is close to breakout from Neckline of Inverse Head & Shoulder Pattern.
#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
Note:
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Keep an eye ladies and gentlemen. Cheers and Happy Trading.
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!
