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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.

Showing technical analysis as on 2024-03-07 View latest technical analysis

10 day averaged volume of Hindustan Petroleum is 7874260

Date	Daily Closing Price	Open	High	Low	Volume
07 Thu Mar 2024	508.50	515.70	518.50	503.40	0.539 times
06 Wed Mar 2024	517.20	526.50	529.80	504.20	0.956 times
05 Tue Mar 2024	528.05	526.00	531.45	521.55	0.606 times
04 Mon Mar 2024	525.10	517.00	527.90	515.55	1.04 times
02 Sat Mar 2024	518.80	517.50	521.00	514.45	0.067 times
01 Fri Mar 2024	517.15	516.00	526.00	515.30	0.869 times
29 Thu Feb 2024	509.40	505.05	515.00	502.05	1.236 times
28 Wed Feb 2024	507.20	529.85	530.20	504.45	1.374 times
27 Tue Feb 2024	529.85	541.80	547.50	522.55	1.077 times
26 Mon Feb 2024	541.65	527.60	543.50	511.00	2.046 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 509.6, but if it comes above 509.6, then a intra day buy could be more profitable.
If you take a sell trade below 509.6, then use 509.6 as stoploss and 484.1 as target. However if you take a buy trade in stock , then use 509.6 as stoploss and 530.91 as target.

Share price targets for Hindustan Petroleum (HINDPETRO)

Target Type	Value
Downside Target	249.40
Downside Target	344.05
Downside Target	351.00
Downside Target	393.10
Downside Target	436.40
Downside Target	456.00
Downside Target	485.30
Downside Target	502.05
Upside Target	522.10
Upside Target	541.00
Upside Target	547.50
Upside Target	569.60
Upside Target	594.80

Intraday share price targets for Hindustan Petroleum (HINDPETRO)

Target Type	Value
Downside Intraday Target	497.45
Downside Intraday Target	486.4
Upside Intraday Target	525.5
Upside Intraday Target	542.5
Upside Intraday Target	514.45

Weekly technical analysis of Hindustan Petroleum (HINDPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Thu Mar 2024	508.50	517.00	531.45	503.40	0.471 times
02 Sat Mar 2024	518.80	527.60	547.50	502.05	1.39 times
23 Fri Feb 2024	527.60	567.00	569.60	522.10	0.617 times
16 Fri Feb 2024	565.70	507.10	594.80	486.90	0.854 times
09 Fri Feb 2024	510.20	497.00	541.00	489.30	1.168 times

Price has moved down 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
07 Thu Mar 2024	508.50	516.00	531.45	503.40	0.134 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
29 Fri Dec 2023	398.90	348.10	436.40	344.05	1.212 times

Scroll below to view daily charts

Price has moved down 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Hindustan Petroleum ( (HINDPETRO) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Hindustan Petroleum ( (HINDPETRO) ) based on a short to mid 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.

Price action analysis of Hindustan Petroleum ( (HINDPETRO) ) based on a mid to longer 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.

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

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

Hindustan Petroleum Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Hindustan Petroleum in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining 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 522.34 and Hindustan Petroleum (HINDPETRO) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative returns over a short term period. Returns for a longer term period have been positive

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