Future Trade: Bearish pattern seen in HPCLHPCL is reversing from almost triple top and RSI showing continuous negative divergence and is expected to turn bearish as seen on the daily time frame charts. A bearish engulfing candle pattern formation, having the open and high almost the same can be seen. Futures data also show a short buildup.
HINDPETRO1!29-11
Daily chart of HINDPETRO1!
LTP: 238.85
The long term trends (manual and 200 EMA) are bearish.
RSI is overbought and signals a bearish reversal.
Supports are at 241.50 (200 EMA) and 237.05 (manual)
Strong support zone is between 200 and 207 so it may not be broken.
I think we will witness a p
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The nearest expiration date for HINDUSTAN PETROL FUTURES is Apr 24, 2025.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell HINDUSTAN PETROL FUTURES before Apr 24, 2025.