Greetings, traders!
Today, let's focus on Hindustan Petroleum. Here's the current scenario:
Overall Upside Trend: Historically, Hindustan Petroleum has been on a solid upward trajectory, which is a significant factor.
Temporary Downward Move: However, in the short term, we're seeing a shift towards a downward direction, evident by the downward parallel...
Hindustan Petroleum Corp. Ltd. engages in the business of refining crude oil and sales of petroleum products. It operates through the Downstream and Others segment. The Downstream segment deals with the refining and marketing of petroleum products. The company was founded on July 5, 1952 and is headquartered in Mumbai, India.
Indian state refiners' gasoline sales...
Keep in your watchlist
breakout with low volume from inverse head and shoulder pattern and now pulling back to its previous resistance.
Support at : 249
Resistance at : 259.25
NSE: MHRIL is closing with a bullish consolidation supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed...
HINDUSTAN PETROLEUM TRADING AT MAJOR RESISTANCE.
Stock is currently moving in a Bearish Trend structure.
It is expected to remain bearish for few upcoming sessions.
On lower side it can touch the targets of 225.00 .
On higher side the key resistance level will remain active at 270.00 .
NSE:HINDPETRO
20% gains within a year.
*Not a financial advice to buy or sell. Only speculations.
My charts speaks louder than words.
I'm a chartist and I paint charts.
Please appreciate my view .
In my opinion, this stock give us good return in swing duaretion. add this stock in watchlist and wait for breakout ☺️
Please follow up for more ❤️
I think there is a chance it could fall more after taking a short resistance.
208 is something you have to watch when it gets down or i could be wrong as well.
Hindustan Petrol Stock on Daily TF wee can see that the stock has broken the Triple bottom pattern. from last week with high volume. Stock was closed on low at Friday. Momentum is weak on Short & Medium Term.
Entry : CMP
SL : 223
Downside Move : 207,200
