HINDPETRO potential breakout - 6 months long base.
- Consolidation in a narrow range outside base.
- Near 52 week high.
- Low risk entry with a tight stoploss.
- Strong sector.
- High relative strength.
- Potential start of a new uptrend.
Hindustanpetrol
SWING IDEA - HINDUSTAN PETROLThis presents an attractive opportunity for swing traders to capitalize on the potential uptrend in Hindustan Petroleum Corporation Limited ,a leading energy company in India engaged in the refining and marketing of petroleum products.
Reasons are listed below :
Strong Support at 450 Level : HPCL has established a robust support level at 450, indicating strong buying interest and potential reversal points.
Double Bottom Pattern : The formation of a double bottom pattern suggests a potential trend reversal and bullish continuation, indicating a shift in market sentiment.
Bullish Marubozu Candle : A bullish Marubozu candlestick pattern indicates strong buying momentum and potential upward movement in HPCL's stock price.
0.382 Fibonacci Support : Finding support at the 0.382 Fibonacci level strengthens the bullish case, providing a solid foundation for potential upward movement.
Engulfed 11 Daily Candles : The bullish engulfing pattern, engulfing 11 previous daily candles, reinforces the bullish sentiment and indicates potential for a significant uptrend.
Higher Highs : Consistent formation of higher highs reflects increasing bullish momentum and reinforces the potential for further gains in HPCL.
Target - 530 // 595
Stoploss - weekly close below 449
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@visionary.growth.insights
HINDUSTAN PETROLEUM seems Undervalued and Worth of InvestmentHindustan Petroleum Corp. Ltd. engages in the business of refining crude oil and sales of petroleum products. It operates through the Downstream and Others segment. The Downstream segment deals with the refining and marketing of petroleum products. The company was founded on July 5, 1952 and is headquartered in Mumbai, India.
Indian state refiners' gasoline sales in the first two weeks of February fell below pre-pandemic levels, the first decline in about six months, preliminary industry data showed, as record high retail prices hit consumption.
Diesel sales, which are related closely to economic growth and account for about 40% of overall refined fuel sales in India, fell by 8.6% in the first half of February, the largest decline since August last year, the data showed.
Gasoline and gasoil prices in India have risen to a record high, mirroring global markets. Taxes account for about 61% of retail gasoline prices and about 56% of diesel prices.
State fuel retailers sold 1.03 million tonnes of gasoline and 2.84 million tonnes of diesel from Feb. 1-15, the data provided by an industry source showed.
"Definitely sales of petrol and diesel have declined in the last few days. People are feeling the pinch of high oil prices," said Ajay Bansal, president of the All India Petroleum Dealers Association.
State companies - Indian Oil Corp IOC , Hindustan Petroleum Corp HINDPETRO and Bharat Petroleum BPCL - own about 90% of India's retail fuel outlets.
"First area where the customers vent their anger or show their grievance is the petrol pump to our staff and we have been seeing it," Bansal said.
Rising diesel and petrol prices could push up inflation, making it harder for the Reserve Bank of India (RBI) to continue its accommodative monetary policy.
"Pump prices of petrol and diesel have reached historical highs. An unwinding of taxes on petroleum products by both the center and the states could ease the cost push pressures," the RBI said in its policy document earlier this month.
State retailers sold 1.2 million tonnes of liquefied petroleum gas in the first half of this month, 5.4% higher than last year, while jet fuel sales declined by 41.3% as curbs on air travel remained in place, the data showed.
as we can see there are total of 3 Take Profit Areas, you ca target any of them consequently.
Hindustan Petroleum Corporation LTD NSE:HINDPETRO
20% gains within a year.
*Not a financial advice to buy or sell. Only speculations.
My charts speaks louder than words.
I'm a chartist and I paint charts.
Hindustan PetrolHindustan Petrol Formed Tripple Pattern.
1) Inverted Head & Should Pattern
2) Cup & Handle Pattern
3) Cypher Pattern.
Only two pattens i have mentioned in the chart. Having more patterns will confuse the clarity of chart.
Disc: Only for internal Purpose and not a trading Recommendation.
Divergence Trade 3: Hindustal Petro BullishThis is a high risk trade and SL will be tight.
Hind Petro has made double bottom on 200EMA with divergence on bottom indicators.
CMP: 270
Target 275
SL 265
Alternatively we can take put bullish spread.
Sell265PE at 5
Buy 257 PE at 2,5
Max profit around 6k max loss 14k
Profit if above 262
Hindustan petrol 31 august 2021hindustan petrol
1. inverted head and shoulder pattern (blue line )
2. at higher time frame its a retest to a higher time frame (white trend line )
3 retesting shoulder line of inverted head and shoulder pattern (green in colour)
thanks
Hindpetro or hindustan petrol analysisHindustan petrol travelling upward with the trendline support. That said it also forms a channel pattern and when it breaks it may reach the upper resistance.
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!
Short term 15% Upside PotentialIt's very straight forward. Risk to Reward Ratio is in my favour. As long as Nifty holds this trade will bear me fruits.
Risking 1% of portfolio.
Hindustan Petroleum shortHindustan Petroleum is good for short till 185. watch out for 200 support level. if its broken then 185 is imminent
hpcl (hindustan petroleum)hello!! yeah this stock is again a very volatile stock can't say much about this too but yeah trendlines, supports and resistances are there for the reference one can trade according to them as if the side trendline will break then lower side can be taken and if upper resistance will be broken then up side can be seen
Hindustan Petrol from 17 July 2020The stock has come out of downtrend and pushing towards the upper range
Currently buyers exhaustion ( retracement ) can be seen --> MFI also started decreasing --> expecting price to come to red zone than continue its push to the 240 target range
Trade Setup :
When price comes down to 215 Level --> SELL PE option which has value of 5rs ( possibly 205,200)
Hindustan Petrol oil NSE stock buy opportunities at demand levelHindustan Petrol oil related NSE stock buy opportunities with new weekly demand level created around 233, following suit what Brent Oil and Light Crude Oil are doing, all three reacting to monthly demand levels.
There is a clear long bias with a very strong reaction from a monthly demand imbalance around, a very strong monthly pin candle has been created four months ago. That reaction has created a new weekly demand level around 175. No shorts are allowed in this oil related Indian NSE Stock, Hindustan Petrol HINDPETRO has a clear long bias now. This analysis is similar to Indian Oil Corp IOC supply and demand analysis with similar demand levels being created
Very strong weekly supply level created, no reasons to go short. We don’t need any kind of lagging o non lagging indicators, no earnings, just pure supply imbalances in order to plan a trade.
