HINDPETRO | Falling wedge breakout - Investment PickHINDPETRO | Falling wedge breakout - Sharp rally ahead - Potentially can double from here
CMP : 240 (Dip : 220)
SL : 200
Target : 330, 475
Investment Pick
HINDPETRO trade ideas
TrendreversalHINDPETRO Stock is trading at attractive price with good dividend yield. Targets are specified in the horizontal ray. Please consult your financial advisor before investing.
HINDPETRO IS READY FOR NEXT MOVEHINDPETRO is coming out of falling channel pattern and ready to move for 14-16 % target. Now price is at good level. All rest are explained in chart itself.
Disclaimer: All information is only for educational purpose.
HINDPETRO - LongFalling wedge pattern formed along with good volume buildup on weekly TF. Stock near 200 EMA
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.
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Hindpetro trying to change trendIf it manages to stay above 240 the targets can be huge. wait for levels to enter and the breakout to sustain.
Hindustan Petroleum may go further till 250As per Harmonic pattern, Hindustan Petroleum may go further till 250. SL 199.
Please like if you feel my analysis worthy
[ POSITIONAL ] HINDPETRO Long Betr: R is 1: 2
Rest as per Charts
Note -
One of the best forms of Price Action is not trying to predict. 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 if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never a gut feeling. It is always some reason.) that the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is primarily the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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LET START THE FINRE IN HIND PETRO Hind petrol char is ready to give 5% to 10% return in next few days or week this chart is ready give reversal on down rising channel now price is 215 may be trg 240/260/280 stoploss 200.
HINDUSTAN PETROLEUM - POTENTIAL REVERSALthe price might take a reversal from here.
a highly risky trade as there was no proper confirmation.
Bullish HPCLTwo strong Green candle formed and took support line drawn.
Positions you can refer as per charts.
RSI > 50 and MACD > 0. Looks very bullish
Educational purpose
buy hindpetro for 2 month swing trade around 1-2 month buy hindpetro between 210-216 sl 195,target 220,227,232,240
HINDPETRO Long Trade (Intraday OCT 7)HINDPETRO has taken support from daily level and in 15 min it has made inverted head and shoulder on 15 min. On breakout it could continue upside. Thank you!
HINDPETRO LOKKING GOOD ABOVE TRENDLINEHINDPETRO looking good above 256. keep sl below 234 and target of 304
hindpetro analysis BULLISH MODEhi traders.,
1.hindpetro inverted h&s pattern breakout in day chart.., its formed in bottom of the channel
2. also long term its traded in channel ..,as per channel rule it has to come top of the channel., so we got a double conformation..,
3. over all bullish mode stop below 240 ( buy around 245- 250 )
first target 270 -275 and next target around 280 -285
target period 15 days
4.strong bullish close on weekly chart.., also today they declare result hope it will boom on monday .
HINDPETRO has breakdown the trendline for down movePrice has breakdown from an uptrend move to the downside in DTF/1HTF which confirm the sell momentum.
With this we need to wait for price to reach the discounted price(into the Supply Zone) for a better entry.
R:R-1:3 & 1:5
Hindustan Petroleum Corporation Ltd (HPCL) breakout Hindustan Petroleum Corporation Ltd (HPCL) strong Breakout
Hpcl break out with storng volume and momentum yesterday. Long build up form in this stock. Buy above 245. Next target 248, 252, 259
Time to go for long in HPCL. Get ready to catch your profit. Thank you
Hindustan petrolHindustan petrol
Sector: Refineries
Buy above 265 with sl 245
Target - 271, 277, 282
Time frame (2-4 week)
Keep a watchSee that in long term the stock is in Downward trend and short term its in upward trend.
A w shape formed at end and trend reversal is a possibility. Still since thr price action is at the resistance line, its advisable to sell the stocks tomorrow and then keep a watch. when support line is reached buy again. For now do swing trade here and once the downward trend resiostance line is broken(if it breaks it) then go for long. Else this is good for swing trade only.
