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HINDUSTAN PETROLEUM CORPORATIOHINDUSTAN PETROLEUM CORPORATIOHINDUSTAN PETROLEUM CORPORATIO

HINDUSTAN PETROLEUM CORPORATIO

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HINDPETRO trade ideas

Hindustan Petrol on the Verge of a Breakout: Time to BuyHindustan Petrol Buying Recommendation Introduction: This report aims to provide a technical analysis of Hindustan Petrol stock and a recommendation for buying the stock in the short term. The analysis is based on the latest charts and indicators and is intended for investors and traders who are looking to capitalize on market movements. Background: Hindustan Petroleum Corporation Limited (HPCL) is an Indian state-owned oil and natural gas company. The company's stock is listed on the National Stock Exchange of India (NSE) and is widely followed by investors and traders. Analysis: The Hindustan Petrol stock has been in a range-bound pattern for the past few months, but recent price action suggests that the stock may be breaking out. The stock has been trading in a range between 240 and 246.20, and a breakout above 246.20 could signal a short-term trend reversal. The technical indicators are also pointing to a potential buying opportunity. The Relative Strength Index (RSI) has been trending higher and is currently at oversold levels, indicating that the market is oversold and may be due for a rebound. Additionally, the Moving Average Convergence Divergence (MACD) histogram has crossed above the zero line, suggesting that the trend is gaining momentum. Furthermore, price action on the chart shows that the stock has reached a strong support level and is showing signs of a potential reversal, with bullish cand formation. Recommendation: Based on the analysis above, we recommend buying Hindustan Petrol stock if it breaks 246.20 levels, with a stop loss of 240 and a target 1 of 246.20 and target 2 of 252.90. This strategy aims to capitalize on a short-term trend reversal and capture potential profits as the market rebounds. Disclaimer: It's essential to keep in mind that the market is highly volatile and unpredictable. Therefore, it's recommended to keep a close eye on the price action, and use stop loss and take-profit levels to minimize risk and maximize returns. The time frame for this analysis is 23rd January 2023, and it's important to conduct your own research and analysis before making any investment decisions, and always consult a financial advisor before taking any action. Conclusion: In conclusion, Hindustan Petrol stock appears to be breaking out of a range-bound pattern and may be due for a short-term rebound. Technical indicators and price action on the chart also suggest a potential trend reversal. Therefore, buying Hindustan Petrol stock if it breaks 246.20 levels with a stop loss of 240 and a target 1 of 246.20 and target 2 of 252.90 is a recommended strategy for traders and investors looking to capitalize on market movements in the short term.
NSE:HINDPETROLong
by EntryandExit
HINDUSTAN PETROLEUM CORPORATION LTD - Keep an Eye + Cup & Handle📊 Script: HINDPETRO (HINDUSTAN PETROLEUM CORPORATION LIMITED) 📊 Nifty50 Stock: NO 📊 Sectoral Index: NIFTY 500 , NIFTY MIDCAP 📊 Sector: Energy Oil Gas & Consumable Fuels 📊 Industry: Petroleum Products Refineries & Marketing Time Frame - Daily Script is forming Cup & Handle Pattern as shown in a chart. Key highlights: 💡⚡ 📈 Script is trading at upper band of Bollinger Bands (BB). 📈 MACD giving crossover. 📈 Double Moving Averages also giving crossover. 📈 Volume is increasing along with price. 📈 Keep an eye on Script, it may give breakout of Cup & Handle Pattern. 📈 Current RSI is around 63. 📈 One can go for Swing Trade ONLY ABOVE 254 . BUY ONLY ABOVE 254 ⏱️ C.M.P 📑💰- 249.95 ⚠️ Important: Always maintain your Risk & Reward Ratio. ⚠️ Purely technical based pick. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat🔁 Happy learning with trading. Cheers!🥂
NSE:HINDPETROLong
by radha_23
HPCL: A breakout candidateChart set up - We are looking at weekly chart of HPCL - after facing downward pressure from Line of resistance 4 times, it finally gave a breakout on the 5th occasion - currently it is back retesting the breakout - stock has support at 224 / 216 / 204 odd levels __________________________________________________________________________________________________________________ Trading plan Target for the given set up Short term - 259 Medium term - 296 / 318 (28 / 38% ROI potential) Keep SL at for extreme short term traders 223 for short term traders 216 for medium term perspective -203 ________________________________________________________________________________________________________ Understanding reward potential and risk profile At minimum we are looking at 13% reward potential against a loss risk of 3-6% ( Risk :: Reward ratio 1::2) At the highest target level we are looking at a reward potential of approximately 38% against a loss risk of 12% (Risk:: Reward ratio 1::3) ______________________________________________________________________________________________________ Do let me know if you find the analysis and insights helpful. Like and Follow for more ideas like these...!!! Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in future too - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:HINDPETRO
by indiamarketoutlook
2
[POSITIONAL] HINDPETRO LONG BET risk: Reward ratio is 1: 2 Rest as per Charts ******** Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all. ======= I use shorthands for my trades. “Positional” - means You can carry these positions and I do not see sharp volatility ahead. “Intraday” -means You must close this position at any cost by the end of the day. ======= Always follow a stop loss. In the case of Intraday trades, it is mostly the “Low/High of the Candle”. In the case of Positional trades, it is mostly the previous swings ********
NSE:HINDPETROLong
by Palkesh_Agrawal
1
Hindustan Petroleum Corporation Ltd.Hindustan Petroleum Corporation Ltd. ABOUT Hindustan Petroleum Corporation Ltd is mainly engaged in the business of refining crude oil and marketing petroleum products, production of hydrocarbon as well as providing services for the management of E&P Blocks. KEY POINTS Refineries Capacity Total Capacity- ~21.5 MMTPA Refinery Locations : Mumbai - 7.5 MMTPA Visakhapatnam - 8.3 MMTPA Bathinda - 5.65 MMTPA* *Co. owns a 50% stake in a refinery located in Bathinda, Punjab with a capacity of 11.3 MMTPA. (*MMTPA-Million Metric Tonne Per Annum.) Capacity Utilization The company has reported above 100% utilization levels for the past few years. The capacity utilization rate was ~109% in FY20. Revenue Breakup Presently, high-speed diesel (HSD) accounts for ~51% of revenues, followed by Motor spirit (~26%) and Liquified petroleum gas (LPG) (~13%). Increase in Sales Volume The sales volume of downstream crude products has increased from ~34 Million tonnes in FY16 to ~39.6 million tonnes in FY20. Marketing Network The company's marketing network includes ~16,476 retail outlets, ~1,638 SKO/ LDO dealers, and ~6,192 LPG distributors. Market Share The company is one of the 3 leading public OMCs with a 24% market share in the domestic petroleum marketing business in India. Aggressive CAPEX The company is undertaking aggressive CAPEX plans worth ~39,000 crores INR from FY21 to FY23 which includes equity investments of ~7,200 crores in JVs. Its key CAPEX projects are:- 1. Expansion and modernization of its refineries in Mumbai and Visakhapatnam. It plans to expand the capacity of the Mumbai refinery to 9.5 MMTPA and the Visakhapatnam refinery to 15 MMTPA. 2. Refinery-cum-petrochemical complex in Rajasthan (74% stake) 3. LNG terminal in Gujarat (50% stake) Acquired by ONGC In January 2018, Oil and Natural Gas Corporation Ltd acquired a ~51% stake in HPCL from GOI for ~37,000 crores. TECHNICAL ANALYSIS. Time Frame - 1D. 1. High trading and delivered volume. 2. Aggressive OI in FUT.(long side) 3. Fall in Brent Crude Oil price. 4. Option chain is quite interesting, 240 level will be crucial. FUNDAMENTAL ANALYSIS. Sector: Refineries. 1. Market Cap - ₹ 33,817 Cr. 2. Stock P/E - 3. Price to book value - 1.20 4. Debt to equity - 2.65 5. Free Cash Flow - ₹ 3,782 Cr. DISCLAIMER - All analyses are for educational purposes. it is not trading or investment advice. #education #markets #equities #stockmarket #technicalanalysis #stocks #investment #trading #india #finance #fundamentalanalysis #nse #bse #supertrend #education #investing #investments #financialmarkets #learningeveryday #learning #hpcl #Refineries
NSE:HINDPETROLong
by mayur1630
1