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HINDUSTAN PETROLEUM CORPHINDUSTAN PETROLEUM CORPHINDUSTAN PETROLEUM CORP

HINDUSTAN PETROLEUM CORP

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HINDPETRO trade ideas

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.
NSE:HINDPETROLong
by AbNamjoshi
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.
NSE:HINDPETROLong
by dhineshraj1410
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
NSE:HINDPETROLong
by RK_Chaarts
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