again bullish patern suggesting long Hind Petro forming inverted head and shoulder on hourly charts suggesting long for the tgt of 543/556 with SL of 516.50
HINDPETRO trade ideas
Pennant Pattern on HINDPETROHINDPETRO formed a Pennant pattern on daily chart. Multiple support and resistance levels were tested with aggressive buyers seen in the last swing before the breakout. Also there was a spike in volume on breakout day indicating strong buyers out there. Stop loss can be held just below the breakout candle with target the width of the broader triangle. Risk reward is ideal with 1:2.8
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Hindpetro lookin good on hourly chartshind petro suggesting long @ cmp for the tgt of 545 as rounding bouttom formation
intraday - sell only at zoneexpecting a small fall in that zone .
- sell entry can be took at 0.58 fib level or look for selling confirmation inside the zone.
- sl is day close above 0.618 level
- expecting a small fall , so its suitable for intraday trade
- pattern becomes invalid if candle is closed above 0.618.
Entering Hindustan Petroleum (HINDPETRO)As you can see on the chart there is a flag and pole i marked way earlier (See in related ideas I linked it here) and my entry, stop and target i will trade on that entering today
Keep An Eye - Triple Bottom - HINDPETRO📊 Script: HINDPETRO
📊 Sector: Refineries
📊 Industry: Refineries
Key highlights: 💡⚡
📈 Script is forming Triple Bottom on Weekly Chart, it has given breakout once and again it retested.
📈 Script is trading near neck line of Triple Bottom which is around 492.
📈 Keep an eye on stock, we may see breakout of it and some good rally into the stock.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 492
🟢 Target 🎯🏆 - 534/555
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅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!🥂
Hindustan Petro Pole and FlagHindustan Petroleum Made a pole and flag! I stated the target and stoploss (by technical and stuff) So i will get in and hope for a good trade :)
HINDPETRO - Short term AnalysisThis chart has given trend line breakout in 1 hour timeframe. 455 level is sustain then the candles can reach upper levels marked in yellow.
This can be achieved in the next 1-3 months.
Disclaimer : THIS IS ONLY FOR EDUCATIONAL PURPOSES
Strong buy for hindpetroVolume accumulation is strong and also price is retraced to .382 level. I think this can be good opportunity to go long from here.
HINDPETRO triangle pattern in 1Hr timeframeHINDPETRO triangle pattern
Here in 1Hour timeframe HINDPETRO formed a triangle pattern which breaks out will give our target to 575.
TARGET ----> 575
Hindpetro long,Good opportunity Buy at CMP -542, TARGET1 -595(ALMOST 10%),, Good buying opportunity.
Hindustan Petrol Swing Trade (Bullish)
Hindustan Petrol Currently Bullish
And will Continue Bullish till 485
Buy :- 441
Target :- 485
2 Target :-495
This Post is Only For Education Purpose we are not SEBI Registered ®️
5th wave starting in HindPetroThe 4th wave correction took place in the form of a contracting triangle
The correction is now over and the 5th wave has now started
This can be confirmed with the volume and the speed of the ascend
First target will be ~900
Stoploss @ 240
Duration 2-4 years
HINDPETRO Stage One BreakoutViews are for my own analysis and for learning Purpose only.
HINDPETRO is breaking out from Stage One Base with good volume after the Decline from Stage 4
CMP : 345
Beaks above 354 on high volume will be good entry.
Hit Like if you think setup is good.
HINDPETRO - Falling wedge pattern - 38% ROIAll details are given on chart. If you like the analyses please do share it with your friends, like and follow me for more such interesting charts.
Disc - Am not a SEBI registered. Please do your own analyses before taking position. This post is only for educational purposes and not a trading recommendation
💥HPCL💥-Nice Breakout💥HPCL💥-Nice Breakout
Capital to be deployed- 20k
Investing Price -307-312
Breakout Price-307
Stoploss-255
Targets-390-488
RT for max reach
#HPCL #StocksToBuy #stocks #StocksToTrade #StocksInFocus #stockstowatch #StocksInNews
HINDPETRO : Booking ProfitsClosed the position @300.15 for a profit of about 22.06% of the invested capital, on 09/11/2023.
The major reason for selling the stock is technical. Technically the stock is in a level where there is a high chance for selling pressure to kick in. So decided to take some chips off the table since there is also one more oil related stock in holding (BPCL). But I'm totally aware of the fact that there is a potential for a 9% move to the top of the parallel channel. But as of now the downside risk is more than the potential upward move.
Will considering re-entering if price falls back to the lower trendline.
hindustan petroleum is an excellent buy idea!stock came out with excellent quarterly results...........stock hastaken support at channel base and heading up.......RSI has taken u turn at 50...........all in all very good buy!
"HINDPETRO" A Short Term Bearish Opportunity in a Bullish TrendGreetings, traders!
Today, let's focus on Hindustan Petroleum. Here's the current scenario:
Overall Upside Trend: Historically, Hindustan Petroleum has been on a solid upward trajectory, which is a significant factor.
Temporary Downward Move: However, in the short term, we're seeing a shift towards a downward direction, evident by the downward parallel channel on the chart.
Confirmation of Bearish Move: There's a clear confirmation of this shift with a recent red candle. It's a sign that bears are gaining ground.
Support Trendline Break: Additionally, the support trendline (marked with a red circle) has been breached, adding to the bearish sentiment.
For Derivative Traders: If you're into derivatives, consider taking a long position with 260PE or 270PE options. A 1:1 Risk-Reward ratio is advisable, given this is an option buying strategy.
Important Note: This analysis is focused on a potential short-term trading opportunity, not an investment recommendation. Always manage your risk accordingly.
Your Analysis: What's your perspective on Hindustan Petroleum? Are you considering a bearish play, or do you have a different view? Share your insights with us!
Stay Tuned: Keep following for more trading insights and opportunities.
Until the next post, happy trading!
Best regards,
Alpha Trading Station
hindpetro breakout its channelready to move for 272 in short term & upto 290 levels short to mid term.
