HINDPETRO - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 4.0

Here’s a full technical breakdown of HINDPETRO, which shows a blend of bullish undertones and steady price action that traders might find promising

📊 Trend Analysis

Current Price (₹426) is above both 50-DMA (₹419) and 200-DMA (₹386) → points to a strong uptrend with healthy support from moving averages.

Price has cooled slightly after touching its 52-week high of ₹457, but still maintains strength above recent swing levels.

🧭 Trend Status: Trending Upward

🔄 Momentum Signals

RSI (48.6): Mid-range and neutral → indicates balanced momentum, not overbought or oversold; potential for upside without overheating.

MACD (2.06): Positive and above the signal line → confirms short-term bullish momentum.

Volume: Well above 1-week average, suggesting institutional interest or active accumulation.

📉 Bollinger Band Outlook

Price likely hovering around the upper-mid band, with no signs of volatility spikes yet.

May consolidate briefly, but potential breakout could be triggered with volume spikes.

📈 Support & Resistance Zones

Zone Type Price Range (₹) Commentary

Support 415 – 420 Near 50-DMA, acts as base for bounce

Resistance 445 – 457 Recently tested highs, potential retest soon

Breakout Zone 460+ Breakout target that opens path to ₹475–₹485 zone

🎯 Entry & Exit Strategy

Entry Zone: ₹415–₹425 (near 50-DMA and consolidation base)

Exit Zone: ₹445–₹455 (short-term swing high level)

Stop Loss: ₹410 (break below support base would weaken setup)

📌 Conclusion

HINDPETRO is in a stable uptrend with mild momentum, bolstered by high volume and solid Qtr profit growth (+26.1%).

Traders could position with a buy-on-dip approach, aiming for ₹445–₹455 on short-term upswing.

A breakout above ₹457 with volume would affirm strength, targeting ₹475+.

Need help comparing it to BPCL or IOC for a sector-wide trade view? Or want to chart a medium-term price projection? I’ve got you covered. ⛽📈

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