Watchout for Resistance breakoutThe stock has taken support and testing its resistance level again. Looks good above 224 level
HINDPETRO trade ideas
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
HIND PETROIt continues to be on a bullish path and now after a minor pullback is trading above Weekly resistance. It could test 250 and then 275. Short term view gets negated below 227
► Advance Pattern #2: HINDPETRO ◄► Advance Pattern #2 ◄
📌 I have found that some stocks follow their own pathways. These are ❝ original and unique patterns ❞ that can achieve their target almost 80-90% times. Here, I have posted one of my favourite 💕 chart patterns.
☆ I will post the remaining patterns one by one on Sunday. For your reference, you can check out my previous studies as well. Please find the stocks and comment ✍ their name in the comment ⌨ section.
☆ Follow me @ tradingview for more updates and like the chart ❤!!!
☆ Please direct message ✉ or comment for any queries and kindly like & share this analysis and studies. Comment with what do you think.
Thank you. Happy Trading!!!
Best Regards,
𝘿𝙧. 𝙎𝙝𝙖𝙢𝙧𝙖𝙟𝙖 𝙉𝙖𝙙𝙖𝙧
𝙋𝙝𝘿 𝙞𝙣 𝙏𝙚𝙘𝙝𝙣𝙤𝙡𝙤𝙜𝙮.
✬ Disclaimer ✬
--------------------------------------------------------
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on evaluating their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
---------------------------------------------------------
KEEP AN EYE ON HINDPETRO HINDPETRO looks good in daily chart
TGT 239
SL 225
good to grab on dips.
best buy 229.45
Disclaimer: Ideas for learning Only.
Short HindPetroSell 232-235, SL is marked with the red line and targets with a black line. If the stock opens above 238 or breaks 238 within 30 mins from the market open time, then avoid this trade.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trendline breakout on HINDPETRO.The stock has broken above a trendline resistance supported by good volumes however the stock closed much lower due to overall sell-off in the market.
Watch for the price to trade above 236 and a long trade can be initiated. All other levels mentioned in the chart.
Always keep a tab on the broader market conditions while trading.
HPCL inverted head and shoulders patternHPCL inverted head and shoulders pattern
targets mentioned on chart
educational purposes only
Good Signal to Buy hindustan petroleum for Swing tradeGood Signal to Buy hindustan petroleum for Swing trade
Inverted head and shoulder pettern + Crossed 200 EMA + Support from Trendline + RSI taking support from 60
Target 250 SL 219
HindPetro: Target 318.65 for Time Frame : 1 Year+See details why?
Fundamental Analysis :
Stock P/E : 4.79,
EPS: 40.90,
Industry P/E : 8.53,
Face Value : Rs 10 per Share,
Dividend Yield: 4.29%,
Dividend Payout : 42.81% Maintaining,
Promoters Holding : 51.10% with Nil Pledge,
Market Cap : 34614 Cr,
Debt to Equity : 0.88,
PEG : 0.26,
Book Value : 229
Credit Ratings:
Ratings Reaffirmed at AAA (Stable)/ A1+
HPCL's Strong parentage, It's undertaking modernization and capacity expansion at its refineries to improve the profitability of the refining operations.
News of the Stock,
OPEC's MONTHLY OIL MARKET REPORT WILL BE OUT AT 12.20 GMT.
SAUDI ARABIA'S FM FAISAL BIN FARHAN SAYS OUR COOPERATION WITH RUSSIA UNDER OPEC + HELPED TO STABILIZE OIL MARKETS
And many more reasons.
Attractive Value and Strong Fundamental Hind Petro.
