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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 2024-08-23 View latest technical analysis

10 day averaged volume of Hindustan Petroleum is 11548566

Date	Daily Closing Price	Open	High	Low	Volume
23 Fri Aug 2024	405.50	406.40	413.75	404.00	0.704 times
22 Thu Aug 2024	406.50	413.00	414.65	403.35	0.798 times
21 Wed Aug 2024	407.50	396.40	411.80	394.00	1.249 times
20 Tue Aug 2024	396.50	391.10	404.80	391.10	1.411 times
19 Mon Aug 2024	387.35	385.00	394.85	383.55	1.144 times
16 Fri Aug 2024	379.85	376.60	382.00	373.65	0.63 times
14 Wed Aug 2024	373.10	371.85	377.40	368.45	0.5 times
13 Tue Aug 2024	371.35	377.00	377.60	363.95	1.249 times
12 Mon Aug 2024	379.70	375.00	383.50	370.50	0.898 times
09 Fri Aug 2024	376.65	380.30	385.80	374.05	0.845 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 399.1, but if it comes below 399.1, then a intra day sell could be more profitable.
If you take a sell trade below 399.1, then use 399.1 as stoploss and 388.56 as target. However if you take a buy trade in stock , then use 399.1 as stoploss and 411.7 as target.

Share price targets for Hindustan Petroleum (HINDPETRO)

Target Type	Value
Downside Target	323.00
Downside Target	363.95
Downside Target	403.50
Upside Target	406.60
Upside Target	414.65
Upside Target	449.25
Upside Target	475.35
Upside Target	515.55
Upside Target	564.00
Upside Target	594.80

Intraday share price targets for Hindustan Petroleum (HINDPETRO)

Target Type	Value
Downside Intraday Target	387.82
Downside Intraday Target	370.13
Upside Intraday Target	418.92
Upside Intraday Target	432.33
Downside Intraday Target	401.23

Weekly technical analysis of Hindustan Petroleum (HINDPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Fri Aug 2024	405.50	385.00	414.65	383.55	1.619 times
16 Fri Aug 2024	379.85	375.00	383.50	363.95	0.574 times
09 Fri Aug 2024	376.65	387.00	403.50	374.05	0.747 times
02 Fri Aug 2024	389.25	386.00	406.60	370.10	1.447 times
26 Fri Jul 2024	376.55	341.85	379.50	329.50	1.436 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Hindustan Petroleum (HINDPETRO)

Date	Monthly Closing Price	Open	High	Low	Volume
23 Fri Aug 2024	405.50	392.45	414.65	363.95	0.769 times
31 Wed Jul 2024	392.25	331.30	406.60	323.00	1.563 times
28 Fri Jun 2024	332.10	575.00	594.80	327.00	0.944 times
31 Fri May 2024	537.35	507.00	564.00	475.35	1.136 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 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 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 BUY. Signal strength is Strong and stock is losing momentum.

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

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 green color and prices are above the green cloud Prices appear to be coming down

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

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 389.3 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 positive

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