HINDPETRO
Can Hindustan Petrol reach a target of 203 from 171? As per my analysis, Hindustan Petrol NSE:HINDPETRO is currently trading at demand zone. In history, the price has bounced of multiple times from this zone. This could lead to pushing the price upwards towards 203.
Please do let me know in case my understanding is incorrect.
HINDPETRO | Time for some upside
Bearish cypher pattern - CD leg forming
Bullish divergence on the 4h to the daily chart.
Historical performance, although not a guaranteed factor of performance, shows similar divergence on the daily with a pull back of 30%. This time, however, the pullback might be below 20% as the pattern is of smaller magnitude.
Have fun, stay safe!
FALLING WEDGE BREAKOUT IF THIS STOCK CLOSES ABOVE THE H&S NECKLINE THEN THE TRADE SETUP WILL BE VALID
REFER CHART FOR DETALS
#HPCL #BANKNIFTY #NIFTY #NSE #BSE #TRADING #COVID19 #HINDPETROHINDPETRO
HPCL
HINDUSTAN PETROLEUM CORPORATION LTD.
CMP: 220.90
Target 1: 246
Target 2: 259
SL: 215
Hindustan Petroleum shortHindustan Petroleum is good for short till 185. watch out for 200 support level. if its broken then 185 is imminent
Breakout trade in HPCL HPCL trading above its breakout also it is sustained above its 50,100,200 DMA. looking positive
HINDPETRO shortShort for the levels shown....this is where the price should exhaust the long run today....and R2 is a strong resistance
Hemraj Prajapat | HINDPETRO Hemraj Prajapat Trade Plans: Sell Below 237.55 with the Stop Loss of 239.95
HEMRAJ PRAJAPAT | HINDPETROHEMRAJ PRAJAPAT Trade Plans: Sell Below 237.6 with the Stop Loss of 242.2
Hindpetro in bull run above 260!If hindpetro manages to closes above 260 than it is full fledged bull run!
"Are Bears Eyeing HINDPETRO ?" - Seems Like ItHindustan Petroleum (NSE: HINDPETRO) seems to gain Bearish Momentum for further downside as per TTC Breakout Formation . Right Now it is near a Critical Support Zone around 442 . If it breaks decisively below this zone (on 1-hour closing basis), we may see sellers gaining control over the buyers.
For Short-term targets, Trader should eye on 430 Zone . Then 406 is the next support. For Swing Traders, 383 Zone is Very Critical. Below which we can see a good amount of selling.
Hindustan Petroleum Corporation Limited is an Indian state-owned oil and natural gas company with its headquarters at Mumbai, Maharashtra. It has about 25% market-share in India among public-sector companies and a strong marketing infrastructure.
