Chart Speaks-

HINDPETRO

Technical Analysis Report:

(Weekly Chart) Stock Name: Hindustan Petroleum Corporation Ltd. (HINDPETRO) Timeframe Analyzed: Weekly Technical Indicators Overview - MACD: Indicates an uptrend, showing bullish momentum gaining strength. - RSI: Has bounced from the 50 level, suggesting renewed buying interest and strength. - Parabolic SAR (PSAR): Turned bullish, confirming a positive price trend. Chart Pattern Observation - Pattern: An Inverted Head & Shoulders pattern has been identified on the weekly chart. - Neckline Breakout: A confirmed breakout above the neckline at ₹437, signaling potential trend reversal from bearish to bullish. - Moving Averages: Price is trading above both short-term and long-term moving averages, which supports the bullish bias. Trade Strategy - Bias: Bullish – Buy Position Recommended - Entry Level: Around current levels post-breakout (above ₹437) - Target Range: • Target 1: ₹500 • Target 2: ₹530 - Stop Loss (SL): ₹380 (below the right shoulder and key support zone) Conclusion HINDPETRO shows strong bullish signals on the weekly chart, supported by both indicators and price action. The breakout from the inverted head & shoulders pattern aligns with indicator confirmation, providing a high-probability buy setup. Traders may consider entering long positions with defined targets and a strict stop-loss to manage risk. Disclaimer- As a SEBI registered Research Analyst with NISM certification, I want to emphasize that these credentials do not guarantee success in any trade. Investment in the share market is subject to market risk, and past performance is not indicative of future results. Recommendations are for informational purposes only and should not be considered as buy or sell advice. Please conduct your own research and consult a financial advisor before making any investment decisions. We will not be liable for any losses incurred from using this information.