HINDPETRO trade ideas
Buy HPCL - Head and Shoulder Pattern possibleRefer Chart for details.
Target : Rs 263
Stoploss : Daily close below Rs 217
Hind Petro Relative Strength Trigger For a Multi-Month UpsideNSE:HINDPETRO is yet to break its own long term trendline. But, its Relative Strength Charts have given an early breakout, potentially for a long term upside.
This too in an environment when other PSE and Commodity Stocks are outperforming the index. We have already added long this week in this counter.
HINDPETRO_FOR LONG TERMOne can enter in HINDPETRO for long term and SL can be trailed below each swing.
(For educational purpose only)
Hindpetro or hindustan petrol analysisHindustan petrol travelling upward with the trendline support. That said it also forms a channel pattern and when it breaks it may reach the upper resistance.
Weekly Inverted Head and Shoulders pattern breakout in HPCLHPCL forming a Inverted Head and Shoulders on Weekly, looks good to go long with SL of 200 for target of 325.
All ideas are expressed for Educational Purposes Only.
Major BreakoutHind Petro seen long consolidation in the range of 215 to 235 .Chart Patterns now looks for major Breakout once the immediate hurdle 235 to 240 taken out we may see strong longterm shortcovering it will push to higher levels .....Am looking 320 to 340 rs in short term ...Maintain sl below 204 .....Get ready ......
HPCL -- Every chart is saying somethingWeekly trendline Broken
Price volume breakout
Inverse head and shoulder breakout
Harmonics in place
Full of confirmations.
HPCL LongContra Trend line Breakout with Volume
Entered above 242
Retest also done
Long for 270, 330.
Fundamentally very strong.
