HINDPETRO Long Setup [Intraday]NSE:HINDPETRO Long above 245.80 with SL 241.80 and TP 253.80
Note:
Consult your registered adviser before taking any decision.
Always risk 1% of account size per trade, adjust the position size accordingly.
HINDPETRO trade ideas
"Can we Buy 230 PE and hold for two weeks"The Energy sector is weakening.
Further news of Imports which may hit the bottom line.
Already the picture is bleak as the average Asian gasoline profit margin this year as of Sept was $4.12 a barrel, down nearly 45% of its value when compared to the same period in 2018.
Trade Execution :
The 230 PE for Sep 26 expiry is trading at 1.60 odd & Cash Price is at 260.
The potential 5 Times is there if the cash price reaches around 230.
Potential Trade of the Month for me.
Risk no more than what you can afford to loose.
HARIBOL
Disclaimer - This is not an advise for you to trade but a journal for my use/record of the trades that i am taking.
HEMRAJ PRAJAPAT | HINDPETROHEMRAJ PRAJAPAT Trade Plans: Sell Below 261.25 with the Stop Loss of 262.6
HINDPETRO (Hindustan Petroleum Corporation Limited)BUY ABOVE 268HINDPETRO (Hindustan Petroleum Corporation Limited) BUY ABOVE 268
Daily Support BrokePrice broke down from a very critical daily level. We can see 231/225 on cards. One can enter @ CMP or with confirmation as well.
HINDPETRO - Bearish Gartley - 4H TFBearish Gartley pattern on 4H Chart of HINDPETRO. SELL 300-302, SL 305.1, Target(s) - 296, 294.
HindpetroOne can short Hindpetro CMP-286 T1-280 T2-270 with SL 293
But to go it down Nifty should also support it.
Hindpetro IB long on PDH* Hindpetro broken trendline support but failed to get follow through to break PDL
* Sitting on 100DMA support
* Has bounced 3-4 times from 100DMA
* long on PDH with PDL as SL
* RISKY as options data is bearish
HINDPETRO - Bullish Bat - 1D TFBullish Bat pattern on Daily Chart of HINDPETRO. BUY 267-268, SL 259.9, Target(s) - 275, 279. POSITIONAL
