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(HINDPETRO) Hindustan Petroleum complete technical analysis [charts+indicators] | Buy/Sell Hindustan Petroleum | (HINDPETRO) share price targets

Complete technical analysis of Hindustan Petroleum (HINDPETRO) by charts plus indicators, forecast predictions and share price targets for Hindustan Petroleum (HINDPETRO)

Hindustan Petroleum trades in NSE in Refineries sector.

10 day averaged volume of Hindustan Petroleum is 8763016

Date	Daily Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	487.40	485.40	490.35	479.25	0.488 times
23 Tue Apr 2024	483.10	495.00	496.00	481.60	0.556 times
22 Mon Apr 2024	492.05	487.00	501.00	486.10	1.23 times
19 Fri Apr 2024	478.40	466.90	480.50	457.75	1.209 times
18 Thu Apr 2024	477.30	479.25	494.00	474.05	1.484 times
16 Tue Apr 2024	468.55	462.50	479.95	458.50	0.811 times
15 Mon Apr 2024	467.45	472.00	477.25	458.30	1.163 times
12 Fri Apr 2024	478.25	487.00	487.35	476.75	0.769 times
10 Wed Apr 2024	487.45	459.50	489.00	459.50	1.636 times
09 Tue Apr 2024	458.85	463.95	464.90	456.40	0.416 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 483.3, but if it comes below 483.3, then a intra day sell could be more profitable.
If you take a sell trade below 483.3, then use 483.3 as stoploss and 474.14 as target. However if you take a buy trade in stock , then use 483.3 as stoploss and 494.2 as target.

Share price targets for Hindustan Petroleum (HINDPETRO)

Target Type	Value
Downside Target	344.05
Downside Target	393.10
Downside Target	436.40
Downside Target	479.25
Downside Target	484.70
Downside Target	485.30
Upside Target	489.00
Upside Target	494.00
Upside Target	501.00
Upside Target	531.45
Upside Target	594.80

Intraday share price targets for Hindustan Petroleum (HINDPETRO)

Target Type	Value
Downside Intraday Target	477.43
Downside Intraday Target	467.47
Upside Intraday Target	499.18
Upside Intraday Target	510.97
Upside Intraday Target	489.22

Weekly technical analysis of Hindustan Petroleum (HINDPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	487.40	487.00	501.00	479.25	0.487 times
19 Fri Apr 2024	478.40	472.00	494.00	457.75	1.316 times
12 Fri Apr 2024	478.25	465.00	489.00	455.60	1.027 times
05 Fri Apr 2024	461.20	476.05	484.70	449.25	1.928 times
28 Thu Mar 2024	475.65	468.90	484.20	463.50	0.49 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Hindustan Petroleum (HINDPETRO)

Date	Monthly Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	487.40	476.05	501.00	449.25	0.862 times
28 Thu Mar 2024	475.65	516.00	531.45	443.05	0.59 times
29 Thu Feb 2024	509.40	467.95	594.80	456.00	1.236 times
31 Wed Jan 2024	463.25	406.00	485.30	393.10	0.757 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Hindustan Petroleum (HINDPETRO)

Price action analysis of Hindustan Petroleum ( (HINDPETRO) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Hindustan Petroleum ( (HINDPETRO) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Hindustan Petroleum ( (HINDPETRO) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Hindustan Petroleum ( (HINDPETRO) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Hindustan Petroleum stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Hindustan Petroleum in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Hindustan Petroleum Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a SELL signal for Hindustan Petroleum in short term but SELL signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Hindustan Petroleum is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 479.22 and Hindustan Petroleum (HINDPETRO) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Hindustan Petroleum (HINDPETRO) stock. Volume based technical analysis of Hindustan Petroleum (HINDPETRO) stock is negative.

Hindustan Petroleum Stock is giving positive returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.