HINDPETRO - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.1

Here’s a detailed technical analysis of Hindustan Petroleum Corporation Ltd (HINDPETRO)

📊 Trend Overview

Current Phase: Trending upward with moderate strength

Price Action: Trading above both 50-DMA (₹401) and 200-DMA (₹389), indicating bullish bias.

Volume: Slightly above average, suggesting steady participation without breakout-level enthusiasm.

📈 Momentum Indicators

RSI (60.4): Bullish zone, showing strength but not yet overbought.

MACD (0.20): Positive but flat — momentum is present but not accelerating.

Bollinger Bands: Price likely near upper band, indicating strength with potential for short-term pause.

🧭 Chart Patterns

Rounded Bottom Formation: Price recovery from ₹288 lows forming a smooth base — bullish continuation setup.

Trendline: Rising support trendline from ₹288 remains intact, confirming upward trajectory.

🔍 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 401 50-DMA, dynamic support

Support 2 389 200-DMA, long-term base

Support 3 370 Previous swing low

Resistance 1 420 Minor resistance zone

Resistance 2 455 52-week high, major ceiling

Major Resistance 475 Extension target if breakout occurs

🎯 Entry & Exit Zones

Optimal Entry: ₹400–₹410 (on dips with volume confirmation)

Short-Term Target: ₹420–₹455

Exit Zone / Stop-Loss: ₹389 (below 200-DMA)

🔄 Short-Term Outlook

Momentum: Mildly bullish with room to strengthen

Bias: Positive above ₹401; cautious below ₹389

Phase: Trending — no signs of reversal or consolidation

🧠 Key Takeaways

HINDPETRO is showing a steady uptrend supported by improving fundamentals and technical alignment.

RSI and MACD suggest mild bullish momentum, while moving averages confirm trend strength.

A breakout above ₹420 with volume could push toward ₹455 and beyond.

Let me know if you'd like a visual chart or screener of similar trending stocks.

Edit in a page