HINDPETRO - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Technical Rating: 4.6

📈 Hindustan Petroleum (HINDPETRO) is in a strong uptrend with bullish momentum and breakout potential.

📊 Technical Analysis

• Trend Status: Trending — price is at its 52-week high, indicating bullish breakout.
• Moving Averages: Price ₹484 is above both 50-DMA (₹434) and 200-DMA (₹404), confirming strong upward momentum.
• RSI (69.4): Approaching overbought zone, suggesting strong momentum but caution for short-term pullback.
• MACD (10.8): Bullish crossover, reinforcing positive trend.
• Bollinger Bands: Price near upper band, indicating strength and potential resistance.
• Volume: Current volume (84.7L) slightly above weekly average (80.3L), supporting the breakout.

🎯 Entry & Exit Zones

• Support Levels: ₹470, ₹434 (50-DMA)
• Resistance Levels: ₹487 (52-week high), ₹500
• Optimal Entry: ₹470–₹475 (on minor pullback)
• Exit Target: ₹495–₹500 (near resistance)

✅ Positive

• Low P/E (7.02) compared to industry average (21.4), indicating undervaluation.
• Strong ROE (16.9%) and ROCE (11.8%) reflect solid financial performance.
• EPS of ₹68.5 and dividend yield of 2.23% enhance investor appeal.
• FII holdings increased by 0.93%, showing foreign investor confidence.

⚠️ Limitation

• High debt-to-equity ratio (1.16) may raise concerns about leverage.
• RSI nearing overbought zone, suggesting limited short-term upside.
• DII holdings declined by 0.92%, indicating domestic caution.

📉 Company Negative News

• Quarterly PAT declined from ₹4,371 Cr to ₹3,830 Cr, signaling margin pressure.
• Debt levels remain elevated, which could impact future profitability.

📈 Company Positive News

• Quarterly profit variation of 507% reflects strong YoY recovery.
• Stock has surged 98.5% from its 52-week low, indicating strong investor sentiment.

🏭 Industry

• Oil & gas sector is benefiting from stable crude prices and rising domestic demand.
• Industry P/E (21.4) is significantly higher than HINDPETRO’s, suggesting relative undervaluation.

🧾 Conclusion

• HINDPETRO is technically strong and trending upward with bullish indicators.
• Short-term traders may consider entry near ₹470 with targets around ₹495–₹500.
• Long-term investors may find value given strong fundamentals and attractive valuation.