HINDPETRO - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.3
| Stock Code | HINDPETRO | Market Cap | 85,730 Cr. | Current Price | 403 ₹ | High / Low | 508 ₹ |
| Stock P/E | 4.99 | Book Value | 281 ₹ | Dividend Yield | 2.61 % | ROCE | 23.1 % |
| ROE | 32.5 % | Face Value | 10.0 ₹ | DMA 50 | 384 ₹ | DMA 200 | 407 ₹ |
| Chg in FII Hold | 0.91 % | Chg in DII Hold | -1.06 % | PAT Qtr | 4,902 Cr. | PAT Prev Qtr | 4,072 Cr. |
| RSI | 59.8 | MACD | 6.04 | Volume | 93,86,472 | Avg Vol 1Wk | 72,54,259 |
| Low price | 316 ₹ | High price | 508 ₹ | PEG Ratio | 0.09 | Debt to equity | 0.88 |
| 52w Index | 45.0 % | Qtr Profit Var | 46.1 % | EPS | 80.7 ₹ | Industry PE | 14.6 |
📈 Chart Patterns: HINDPETRO is trading near its short-term resistance zone (₹403–₹407). The broader structure shows strong recovery from lows (₹316), with price action forming higher highs and bullish continuation capped at ₹508.
📊 Moving Averages: Current price (₹403) is above DMA 50 (₹384) but slightly below DMA 200 (₹407), indicating short-term bullishness but medium-term consolidation.
📉 RSI: At 59.8, RSI indicates moderately strong momentum, close to overbought territory.
📈 MACD: Positive at 6.04, showing bullish crossover and continuation of upward momentum.
📉 Bollinger Bands: Price is near the upper band, reflecting bullish momentum but risk of short-term pullback.
📊 Volume Trends: Current volume (93.9L) is above average weekly volume (72.5L), showing strong participation and conviction in the rally.
⚡ Short-Term Momentum Signals: Bullish bias with strong momentum; breakout possible if price sustains above ₹407 with volume support.
🎯 Entry Zone: ₹384–₹403 (support region).
🎯 Exit Zone: ₹490–₹508 (resistance zone).
🔀 Trend Status: Trending upward with bullish undertone; consolidation possible near resistance.
Positive
- Strong ROCE (23.1%) and ROE (32.5%) highlight operational efficiency.
- EPS at ₹80.7 supports earnings visibility.
- Quarterly PAT surged from ₹4,072 Cr. to ₹4,902 Cr. (+46.1%).
- FII holdings increased (+0.91%), showing foreign investor confidence.
Limitation
- Debt-to-equity ratio at 0.88 adds financial leverage risk.
- DII holdings decreased (-1.06%), showing reduced domestic support.
- Dividend yield at 2.61% is modest compared to peers.
- Price still capped by DMA 200 resistance (₹407).
Company Negative News
- Decline in DII holdings (-1.06%).
- Debt levels remain relatively high compared to industry peers.
Company Positive News
- Quarterly profit growth (+46.1%) boosts investor sentiment.
- Stock trading near 52-week high (₹508) reflects bullish sentiment.
- MACD positive, confirming upward momentum.
Industry
- Industry PE at 14.6 vs. HINDPETRO PE at 4.99 shows undervaluation.
- Oil & gas sector supported by refining margins and demand recovery.
Conclusion
HINDPETRO is trending upward with bullish undertones. Short-term traders may consider entry around ₹384–₹403 with exit near ₹490–₹508. Long-term investors should monitor debt levels and sector demand before fresh accumulation.
Would you like me to evolve this into a sector overlay HTML report comparing HINDPETRO with BPCL, IOCL, and ONGC, or keep it strictly as a standalone technical rating?