ready to breakout .positive divergence in weekly chart giving imputus to chart and a rally might fructify soon as near to breakout target of 3rd wave 387 . buy on every dip.
Multi year break out in hindoil above 245
Keep a watch coming days on how the price moves. A strong day closing above 211 will be a good sign.
Target 300/360
S/L Closing below !75 Closing Basis
This idea is for Educational Purpose Only.
Learn & Earn,
LETS GROW TOGETHER
Faisal Merchant
I am not SEBI registered and all Ideas posted by me are for Educational Purpose.
NSE:HINDOILEXP
Buy above 186
Support placed at 180-181
Sl- 175-176
Target- 193/204/218+
Rsi>60
Last two day trading volume is good and above avg
MA cross over 200/20
1. Support at Rising Trendline:
The candle on the weekly chart indicates that the stock has found support at a rising trendline. This is a positive signal, suggesting that buyers are stepping in at this level, potentially indicating a reversal or a continuation of the upward trend.
2. RSI Signals:
The Relative Strength Index (RSI) is showing good support and...
Hindustan Oil Exploration company is into drilling and exploration of Oil. It was the First company in India to drill 2 subsea well heads using Tree installation technique using jack-up rigs. Market cap of the company is Rs.2327Crores. CMP of the stock is 178.
Negative aspects of the company are Mutual funds decreasing stake and fall in net profit margins as...
Hindustan Oil Exploration is a stock that has been showing signs of a breakout. The stock has been in an uptrend for the past few months, and it has recently broken out above a key resistance level. This is a bullish signal, and it suggests that the stock is likely to continue to rise in the near future.
We need to keep a few scripts in radars and focus on taking...
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
HINDOIL EXP (209) chart looks strong - this could be a Good bet for Med-Long term as it's heading to 400++ levels
Do your own research before investing.
