Hindustan Petroleum (HPCL) is trading at ₹419, showing strength on the daily chart with bullish momentum.
Key Observations:
Support Levels: Immediate support lies near ₹400, with a stronger base around ₹380.
Resistance Levels: A breakout above ₹420-425 could lead to a rally towards ₹450-460, with a longer-term target of ₹480.
Indicators:
RSI is trending near 64, indicating bullish sentiment but not yet overbought.
The stock is trading above its TEMA levels, reinforcing upward momentum.
Strategy:
Entry: Above ₹425 for a confirmed breakout.
Targets: ₹450 (short term), ₹480+ (positional).
Stop-Loss: Below ₹395 to limit risk.
Watch for volume confirmation on the breakout!
Key Observations:
Support Levels: Immediate support lies near ₹400, with a stronger base around ₹380.
Resistance Levels: A breakout above ₹420-425 could lead to a rally towards ₹450-460, with a longer-term target of ₹480.
Indicators:
RSI is trending near 64, indicating bullish sentiment but not yet overbought.
The stock is trading above its TEMA levels, reinforcing upward momentum.
Strategy:
Entry: Above ₹425 for a confirmed breakout.
Targets: ₹450 (short term), ₹480+ (positional).
Stop-Loss: Below ₹395 to limit risk.
Watch for volume confirmation on the breakout!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.