HINDPETRO trade ideas
Rocket!!This call was given in our .............
We are holding it with good gains.
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Hindpetro - H&S pattern breakoutBIG BREAKOUT possible in the stock. look only above the Trend/Neck line (yellow)
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
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Happy Trading!!
wait for break and retest for buyswait for break and retest for buys and plan your risk before taking the trade.
Hindustan Petroleum - Bullish Engulfing at supportNote: This is for educational purpose only.
There seems to be a bullish engulfing pattern on support with good volume. RSI is 51 which is still in neutral zone.
Long based on multi time frame and supply demand analysisNote: this trade idea is risky and has low probability of success. This is my personal view
Trade PatientlyToday this stock might fall.
Try to get it as low as possible and keep the stop loss small.
A good risk-reward ratio is always a profitable strategy.
Want to make money along with me?
- Click on the follow button.
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HindPetro - Positional LongHindPetro has given a perfect bounce from its support and is now poised to cover higher grounds.
On Balance Volume is steadily rising indicating investors increasing confidence
Can go Positionally Long with the first target of 208
LONG HINDPETRONSE:HINDPETRO
#HINDPETRO have formed a bullish candlestick pattern around the bullish Harmonic pattern with bullish divergence on the daily chart but 170 being the imidate resistance looking at the past price structure. ABOVE 170 WE CAN SEE THE STOCK TO GIVE A GOOD MOVE TILL 177 / 186 / 199 TRAILING SL IS MUST KEEP PREVIOUS 3 BAR CANDLESTICK AS SL AND CAN TRAIL. DO YOUR OWN RESEARCH.
SWING TRADE (20% Upside expected) - HPCL LTD.MACD Crossover is almost formed on the daily chart, stock is currently trading around its crucial support level (164).
The stock was up by 3.20% on 16 Oct. 2020.
With keeping the MACD crossover in mind, one can look forward to a swing trading opportunity in NSE:HINDPETRO .
SWING TRADE :
BUY IN 160-175 RANGE
STOPLOSS - 140
TARGET 1 - 200
TARGET 2 - 205
TARGET 3 (FOR LONG TERM, 6-12 MONTHS+) : 240
DISCLAIMER : INVESTING & TRADING IN STOCKS OR OTHER INSTRUMENTS ARE SUBJECT TO MARKET RISKS. THE TRADE PLAN DISCUSSED IN THIS IDEA SHALL BE CARRIED OUT BY THE VIEWER AT THEIR OWN RISK. KINDLY SEEK ADVICE FROM YOUR FINANCIAL ADVISOR BEFORE INVESTING OR TRADING.
BUY signal HINDPETRO , Rectangle pattern I will go LONG on HINDPETRO because:
The price is forming a Chanel or Rectangle Pattern .
The price is also under Support/Resistance zone.
It has touched the support (lower end of rectangle ) and may reach the resistance zone (upper end of rectangle ) .
Target would be the Resistance area . Book profit when it reaches the resistance zone .
Entry - 175
Target - 240
Stop loss - 163
HINDPETRO BUY CALL FOR SWING TRADERAny of my investment or trades I share on my view are provided for educational purposes only and do not constitute specific financial, trading or investment advice. ... You must be aware of the risks and be willing to accept them in order to trade or invest in markets. Don't trade with money you can't afford to lose.
Possible breakdown on HINDPETROHINDPETRO looks weak on chart creating lower high's and tested support more than 3 times.
