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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.

10 day averaged volume of Hindustan Petroleum is 7680062

Date	Daily Closing Price	Open	High	Low	Volume
30 Tue Apr 2024	495.40	510.40	515.55	490.75	0.846 times
29 Mon Apr 2024	505.65	494.40	510.90	492.10	1.129 times
26 Fri Apr 2024	491.10	490.00	497.50	485.45	0.472 times
25 Thu Apr 2024	491.20	487.00	493.20	484.00	0.478 times
24 Wed Apr 2024	487.40	485.40	490.35	479.25	0.556 times
23 Tue Apr 2024	483.10	495.00	496.00	481.60	0.634 times
22 Mon Apr 2024	492.05	487.00	501.00	486.10	1.403 times
19 Fri Apr 2024	478.40	466.90	480.50	457.75	1.379 times
18 Thu Apr 2024	477.30	479.25	494.00	474.05	1.694 times
16 Tue Apr 2024	468.55	462.50	479.95	458.50	0.926 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 491.5, but if it comes below 491.5, then a intra day sell could be more profitable.
If you take a sell trade below 491.5, then use 491.5 as stoploss and 478.67 as target. However if you take a buy trade in stock , then use 491.5 as stoploss and 506.8 as target.

Share price targets for Hindustan Petroleum (HINDPETRO)

Target Type	Value
Downside Target	344.05
Downside Target	393.10
Downside Target	436.40
Downside Target	479.25
Downside Target	489.00
Downside Target	490.75
Downside Target	494.00
Upside Target	501.00
Upside Target	515.55
Upside Target	531.45
Upside Target	594.80

Intraday share price targets for Hindustan Petroleum (HINDPETRO)

Target Type	Value
Downside Intraday Target	485.58
Downside Intraday Target	475.77
Upside Intraday Target	510.38
Upside Intraday Target	525.37
Upside Intraday Target	500.57

Weekly technical analysis of Hindustan Petroleum (HINDPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Tue Apr 2024	495.40	494.40	515.55	490.75	0.557 times
26 Fri Apr 2024	491.10	487.00	501.00	479.25	0.665 times
19 Fri Apr 2024	478.40	472.00	494.00	457.75	1.316 times
12 Fri Apr 2024	478.25	465.00	489.00	455.60	1.027 times
05 Fri Apr 2024	461.20	476.05	484.70	449.25	1.928 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Hindustan Petroleum (HINDPETRO)

Date	Monthly Closing Price	Open	High	Low	Volume
30 Tue Apr 2024	495.40	476.05	515.55	449.25	1.021 times
28 Thu Mar 2024	475.65	516.00	531.45	443.05	0.59 times
29 Thu Feb 2024	509.40	467.95	594.80	456.00	1.236 times
31 Wed Jan 2024	463.25	406.00	485.30	393.10	0.757 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Hindustan Petroleum stock for short term is BUY. Signal strength is Strong and stock is gaining 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 tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red 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 but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Hindustan Petroleum is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 486.12 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.