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HINDUSTAN PETROLEUM CORPORATIOHINDUSTAN PETROLEUM CORPORATIOHINDUSTAN PETROLEUM CORPORATIO

HINDUSTAN PETROLEUM CORPORATIO

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HINDPETRO trade ideas

Action-Reaction /3LR Setup/Double BottomWe can draw Beautiful Multiple Pivot Line capturing the price movement since last 6 months. It is showing that strength is returning as there was big gap bar which was not filled and again today it has made a 3LR reversal bar with gap. Double bottom Neckline at 330 can pose some resistance so defensive trader can wait for the breakout of that level byt aggressive trader can buy the stock at current level for the target of 355. Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
NSE:HINDPETROLong
by praveen.bhatiya
MyAlgo: xRAM-Creator: Intraday call: 21Jun-HINDPETRO-ShortCaution: Market is in sideways and choppy for the few sessions and expected to continue for a few more sessions. So trade carefully. Based on my "xRAM-Creator" predictive trading methodologies, its going to be a RED candle on 21-Jun-2018 for HINDPETRO Sell Below(5Min candle close): 307.1 for targets - T1: 304.8 T2: 303.4 T3: 302 SL: 309.6 Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
NSE:HINDPETROShort
by MuthiahM
Hind Petro - Ashu ki Asha(Hope) - Oil Catches Fire@300-30211:30 Hrs -18th June 2018 Last Price@323.50 This update is dedicated to hope- We Indians call this as "asha". If we can work on emotions like hope, fear & greed - we can turn into a better trader. Fortunately, last week I was reached by a colleague - Mr. Ashu & he asked what should be done in HPCL as it has been falling. I replied back in comment section of Last update - Hind Petro - Catching A Falling Knife-Is an Art or Magic!@300 Last Update Ashu I am Long - kindly review once. Myself Long at what levels as I suggested that going below 309 will have to be checked. Levels are sacrosanct. Never ignore them - you have to book losses if you are trading short term else HPCL is good for 10-15 days next but has some trigger points as 320 which is very important level to cross on upside for 330-350 targets. Below 302 -300 zone is important going above 311-312 shall be the clue for upside next. Ashu I am long from 313 levels. Can easily hold for 10-15 days to even a month. Any positional stop loss now? Thanks for help. Myself 300 - 302 is very important zone -should not be breached downside & Intraday 305 -day low - bullish harmonic structure in early stages - if gets blown up -could take to 311 -It has to cross 311 & sustain to move even further upside- crossing 320 -everyone will join for upside. Trading Strategy - What Next? As suggested crossing 320 levels we shall look for 330 & holding above 330 levels -our next target zone shall be 350 & even more. Zone of 300-302 was very important & not moving below & coming close kept our "hope - asha" alive. Holding & going below 325 levels - Next support zone 320 - 321. Going below 320 -we shall look for 310 - 313 zone (Price should hold in that zone) as re-entry zone but surely it should hold above 310 for any intraday opportunities - critical zone shall remain same 300-302 for expected bullish move in next few days. Below 300 - Pattern invalidates.
NSE:HINDPETROLong
by WaveTalks
8
Hind Petro - Catching A Falling Knife-Is an Art or Magic!@30013:06 Hrs 4th June 2018 Last Price -314 Every trader should read this book - by Nobel Prize Winner - Daniel Kahnemann - " Thinking, Fast & Slow" who was was intrigued by the knife-catching phenomenon Over the years, I have realized that if you want to sustain in markets you should follow market gurus who have suggested one needs to think fast - I say you need to think super fast before anyone could even think fast & you will realize the magic in realtime & best part is if you can share it before it turns into reality which I could do it easily now through TradingView - amazing platform. Check at website bottom - hot it works. The current stock- HPCL is a real example when it was suggested that 300 could be the bottom & we need to pick for targets 312 - 320 ( suggested in last update - Hind Petro - Oily Crab - Good for Health-Just Rs 295-297) Last update Review Stock moved as expected from 300 lows & traveled to 312 & later 320 - High@319 as mentioned in Plan 2 - Last Update Fall from 319-320 this morning@4th June 2018 was even fantastic as it hurried to 302 -303 levels ( Plan 3 - Last Update "Buy only above 320 for 330 ) & holded 300 on downside- key level & jumped /bounced back to 314 levels What Next? Moving above 320 levels & holding above 320 - we shall look for 330 - above 330 for 348 -350 & above 350 for 375-380 zone. Best Regards,
NSE:HINDPETROLong
by WaveTalks
28
Hind Petro - Oily Crab - Good for Health-Just Rs 295-297Note - Pardon me - Only Non Vegetarians are allowed to see the stuff - Just kidding- It is just a piece of analysis. Plan to buy the oily crab, can be good for health for 295 -297 zone as it is highly negotiated price zone - if you get it could be awesome just remember -prices should not dip below 290's as precaution. Trading Strategy Plan 1 Buy in the zone 295 -297 with strict stops below 290 for target 320-330 & Higher in coming days Plan 2 Buy in the zone 312 -315 if holds & spends some time dancing in that zone with strict stops below 310 for targets 320-330 Plan 3 Buy only above 320 for target 330 Plan 4 Sell if plan 3 target done & returns below 330 & holds below 330 for target 320 - 315 - 307 Best Regards
NSE:HINDPETROLong
by WaveTalks
6
Oil Marketing Companies (OMCs) – Bottom in place?The Bear onslaught on Oil Marketing Companies (OMCs) has been going on for a long time now. However, with Crude starting to come down we may see some buying interest coming back to these stocks. Rupee is also at one of the lowest levels against Dollar, so a bounce back there may further help cut Oil Marketing Companies’ Losses. I can see the price making a lower bottom here with rising RSI showing a positive Divergence. Good opportunity to buy HPCL NSE:HINDPETRO with a small stop loss for a first target around 327 levels. Similar structure can be observed for other stocks like BPCL and IOC. Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
NSE:HINDPETROLong
by nano6yogesh