High Dividend yield HPCL wants to fly higher. Hindustan 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 Other segment engages in exploration and production of hydrocarbons, manufacturing sugar ethanol. Hindustan Petroleum Corp. CMP is 405.85.
The positive aspects of the company are cheap Valuation (P.E. = 8.7), Company with Zero Promoter Pledge, Annual Profit Growth higher than Sector Profit Growth, MFs increased their shareholding last quarter and Stocks Outperforming their Industry Price Change in the Quarter. Dividend yield of the company at CMP is 5.2%. The Negative aspects of the company are Increasing Trend in Non-Core Income.
Entry can be taken after closing above 409 Targets in the stock will be 416 and 429. The long-term target in the stock will be 447 and 457. Stop loss in the stock should be maintained at Closing below 380 or 363 depending on your risk taking ability.
Disclaimer:The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Hpcl
HPCL- Bullish swing- Towards creating new ATH ?!
24.09.2024
Buy- Above 419
NSE:HINDPETRO Target-448.5
Stop Loss-391
Risk Reward- 1:1
1.Breakout- Inside bar breakout
2.Upward trend with continues HH & HL formation
3.Price reversed from Resistance converted to support level(Very strong level)
4.Good volumes increase
5. Price rejection from 50 EMA and 21 EMA
6. Very good rejection from Fair value gap
7. Price reacted from 0.382 Fibonacci
HPCL 1. Long Buildup for Jan month /
2. Current price is less than the intrinsic value
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3 year CAGR growth
Revenue 2.2%
NetProfit 13.9%
OperatingProfit 14.3%
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4 8.58% away from 52 week high
5. FII/FPI have increased holdings from 18.29% to 20.19% in Dec 2021 qtr.
6.Bullish Momentum - Above Short, Medium and Long Term Moving Averages
Hindpetro is making good price actionHindpetro is ready for symmetrical triangle breakout after inverted head and shoulder pattern .For swing trade you can buy at retest level and targets will be 290 and 310 sir will be at 272. And IOC is also made inverted head and shoulder so that there will be really coming in this sector.
HPCL Short Term Reversal TradeThe stock has broken out and looks to retest the previously upper trendline. Trade is supported by brokerage calls, 200 EMA, and Supports Nearby.
The stock is looking to reverse after reaching the current lower trendline.
Risk Reward Ratio - 2:1.
SL is placed below multiple major support zones, 200 EMA , and previously upper Trendline. Target is placed near the swing high and is based on fundamentals.
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