HPCL – Technical Analysis, Support and Resistance

The stock

is showing a weak-to-sideways structure on the daily chart. After falling from the ₹500 zone the stock has been making lower highs and has now moved toward the ₹350 area. The recent chart shows consolidation around ₹345–₹365 rather than a clear trend reversal. Recent data also shows the stock closing at ₹351.85 on September 25, after trading between ₹349.30 and ₹354.40. Support & Resistance: Immediate support is around ₹345–₹348 followed by ₹335–₹340. A decisive break below ₹345 can increase selling pressure toward the lower support zone. On the upside, ₹360–₹365 is the first resistance zone, followed by ₹375–₹380. Short-Term Buyers & Holders View: For short-term buyers, ₹345–₹348 is an important zone to monitor for price stability. A sustained move above ₹365 with strong volume can improve the short-term structure and open the way toward ₹375–₹380. If ₹345 breaks decisively, the stock may retest ₹335–₹340. Holders can monitor ₹345 support and ₹365 resistance for the next directional move.