HPCL - HINDPETRO HP NSE:HINDPETRO CL had been consolidating close to a year now. And by looking at the pace of recovery of the Indian economy and keeping the earnings season in mind, HPCL seems to be ready for an up move. Price levels are as below -
Buy - ~ 212 + ( stock respects the support level of 210 )
Target - 235+
SL - 208
Influencing factors -
1. Budget expectations
2. Earnings for 3rd quarter for FY 21
3. Increase in the demand of automobile and its ancillaries.
NOTE : These findings and levels are purely based upon the knowledge and understanding of the post publisher. The idea here is to predict the future price movements hence, please do not consider this as a stock advice or recommendation.
