HINDPETRO AnalysisFlag and Pole in Hourly Time Frame
Resistance Zone:293-295
Upside Target:300
SL below 290
HINDPETRO trade ideas
Hindpetro Trend was down and it made a good head and shoulder pattern and also showing the bearish scenario now.
[24-Nov-21] HPCL (Rs.330 now) can touch 470+ levelsRisk reward comes to 1:4
Do your research before investing
Buy HINDPETRO- BREAK THE IMPORTANT RESISTANCEPlease see the chart for more information.
Break the supply zone and retracement over the same.
STOPLOSS WEEKLY CLOSE BELOW 339.6
Stock of the week. HPCL (1/10/21)HPCL is about to give an inverted head and shoulder breakout on weekly charts . The stock has taken multiple resistance at yellow line and its about to give breakout. This is a trend reversal pattern and one can consider the stock has completed its consolidation and ready for up trend. Next targets are 400 and 500 on weekly basis. Since the stock has not given a breakout buy 50% at CMP and rest 25% & 25% in each dip. If the stock, however, trades above 310, buy remaining 50%.
Target - 400 and 500 Weekly basis.
View - Medium term.
Time - 6 months.
Hindustan PetrolHindustan Petrol is ready for the breakout of 3 years resistance line in weekly time frame
Hindpetro on 27-oct-2021These are educational ideas (targets) for hindpetro on 27-10-2021 if it crosses resistance marked with yellow line. Sharing for educational purpose.
BUY HINDPETRO ABOVE 340 SL 310 TGT 440after multiple resistence hindpetro is trying to get out of the resistence zone . buy in delivery only above 340 and keep a strict stop loss .
HINDPETRO AnalysisReasons to trade HINDPETRO: 1.Triple top pattern at weekly time frame
2. ST and MT Outlook: Long Buildup
3. Strong Financials
4. RSI>60
5. RR= 1:6.83
Watch out zone: 322-335
Upside Target: 375
Below 322 it's weak
Hindustan Petrol Bouncing Back from Support ZoneHello Trader. I am sharing my view on Hindpetro for short term. As per the technical analysis Hindpetro seems to be good stock for short term trade. One can buy the stock above 330 for the target of 360 for Swing trade and 390 for positional trade.
Before you invest please consult with your financial advisor. I am not SEBI Registered Advisor and I am sharing the idea for educational purpose.
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.
Wedge Pattern and trend line breakoutStock Analysis: HindPetro has broken trend line and the wedge pattern for conservative buy when it retrace on the immediate demand zone with next demand zone as stop loss level for the minimum target given on the chart. Let's see..
Happy Investing!
Reverse Head and shoulder pattern Target is 328Power stocks are already in a bull run, keeping the same environment the target price is 328 in couple of weeks. Swing entry is advised.
Note: No negative news should be induced in the market within the given target time.
INVERTED HEAD AND SHOULDER BREAKOUT
BREAKOUT of Inverted Head & Shoulder pattern.
Breaking the RESISTANCE LEVEL OF 288 - 290 , which has been formed since APRIL, 2018 and acted as Resistance level for Four times in Monthly Timeframe .
HUGE VOLUME supporting the breakout candle in Daily timeframe.
These above points confirms it as a STRONG BREAKOUT .
SUPPLY ZONE is at 315 - 320 levels, which is created during FEBRUARY, 2018 in Monthly Timeframe and it has not been tested again.
Go for LONG, from 293 to 295, after the retest or pullback comes and pullback can happen for the price to catch up with EMA 20
Target 315 - 320, because of Supply Zone.
Stoploss at 283 - 285, just below the resistance level.
HINDPETRO Hindustan petroleum, this stock has formed Inverted head and shoulder chart pattern on daily time frame, and recently it has given breakout from same along with the good intensity of volume, which indicates that the stock is supposed to be bullish, more interesting is bottom of head is at perfect horizontal support trendline and target of head and shoulder is also nearby previous highs or horizontal resistance levels. all indicators of weekly and daily are also aligned with each other, so this could be a good to go long at these levels or in dips (if any) with stoploss of recent swing low which is pegged at 264.75.
Inv head and shoulder chart pattern breakout with good intensity of volume in Daily
Retested neckline in hourly
Weekly macd is Uptick and also above zero line
Daily macd positive crossover and Uptick and also above zero line
Weekly Stochastic positive crossover and Uptick
Daily stochastic positive crossover and Uptick
Rsi in Weekly Uptick and also near 60
Rsi in daily above 60 uptick
Dmi adx also positive in daily
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Consult with your Financial advisor before trading or investing
Inverted head and shoulder patternTrade on inverted head and shoulder pattern in hindustan petroleum
Breakout in Hind PetroHind petro is forming a H&S pattern and has given a good breakout to cover the gap.
Buy at CMP (282.5)
Add more around 275
Target 1: 292.5
Target 2: 300
Target 3: 308
Disclaimer: Views are for education purpose only. Do your own research before investing
HPCLHPCL is about to break resistance of 280.
If it breaks & Sustain for 3 mins then buy with said sloss & tgts.
HPCL INVERSE HEAD AND SHOULDER ON DAILYHPCL making inverse head and shoulder on daily looking for a first target of 290 and if sustains above 290 we can see 300/310. there is a gap also between 290 to 300 that will also fill. lets see how this trade goes....
My view on HindpetroHINDPETRO giving inverse H&S breakout
above 279-280
Target 290-295-300++ very short term
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
