HINDPETRO trade ideas
Hindustan Petrol oil NSE stock buy opportunities at demand levelHindustan Petrol oil related NSE stock buy opportunities with new weekly demand level created around 233, following suit what Brent Oil and Light Crude Oil are doing, all three reacting to monthly demand levels.
There is a clear long bias with a very strong reaction from a monthly demand imbalance around, a very strong monthly pin candle has been created four months ago. That reaction has created a new weekly demand level around 175. No shorts are allowed in this oil related Indian NSE Stock, Hindustan Petrol HINDPETRO has a clear long bias now. This analysis is similar to Indian Oil Corp IOC supply and demand analysis with similar demand levels being created
Very strong weekly supply level created, no reasons to go short. We don’t need any kind of lagging o non lagging indicators, no earnings, just pure supply imbalances in order to plan a trade.
Hindpetro in bull run above 260!If hindpetro manages to closes above 260 than it is full fledged bull run!
NSE:HINDPETRO Sell for 26 Oct 2018NSE:HINDPETRO Sell initiate for 26 Oct 2018 using 30 min chart based on Fibonacci levels, check below sell level
Sell Below : 219.9
Stop Loss : 226.25
Target : 216.2
treading below the angle of influencePresently bearish and is treading below the angle of influence of 32 month’s chart. HPCL is likely to consolidate till Nov. 2nd. If it crosses 251-254 on closing basis in the interim period, it has to cross 265 first. Intermediate/ long term target in that case will be 372.
hind petro its been long time since its falling if it break 330 we can expect a storng up trend NSE:HINDPETRO
"Are Bears Eyeing HINDPETRO ?" - Seems Like ItHindustan Petroleum (NSE: HINDPETRO) seems to gain Bearish Momentum for further downside as per TTC Breakout Formation . Right Now it is near a Critical Support Zone around 442 . If it breaks decisively below this zone (on 1-hour closing basis), we may see sellers gaining control over the buyers.
For Short-term targets, Trader should eye on 430 Zone . Then 406 is the next support. For Swing Traders, 383 Zone is Very Critical. Below which we can see a good amount of selling.
Hindustan Petroleum Corporation Limited is an Indian state-owned oil and natural gas company with its headquarters at Mumbai, Maharashtra. It has about 25% market-share in India among public-sector companies and a strong marketing infrastructure.
HPCL - 4 hours - 485 on the way HPCL will come down to 485 from current 510 in 2 weeks time !!
Dissimilarity method is followed here
HindPetro-CD Leg Bullish Gartley-tgt395/sl435/cmp430HindPetro-CD Leg Bullish Gartley-tgt390/sl435/cmp430
HPCL- Bang On..for the fall below 1190 to 1160.(Started Puking)HPCL--Pukes....Hurry Man..Below 1190....1160..Running.....Vow.
Regards, Abhishek H.Singh, CMT
