Get started
HINDUSTAN PETROLEUM CORPHINDUSTAN PETROLEUM CORPHINDUSTAN PETROLEUM CORP

HINDUSTAN PETROLEUM CORP

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals Options Bonds

HINDPETRO trade ideas

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 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:HINDPETROLong
by Visionary_Growth_Insights
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 Hope you liked this idea, if so please boost this idea so others could benefit or leave a comment on what you think. I'll be glad to hear from you. Otherwise happy trading :-)
NSE:HINDPETROLong
by digijagan
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!🥂
NSE:HINDPETROLong
by radha_23
3