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HPCL Share Tips, Technical Analysis Chart, Stock trading - Hind Petro is facing strong support at current levels, Weakness expecting if HPCL closes below 373. (Updated for 30th July 2014, Wednesday).


HPCL (HINDUSTAN PETROLEUM)




  • Chart indicates HPCL has formed descending triangle formation which indicates if stock breaks on down side then further weakness expecting. Close watch once stock closes below 373, if closes below then bears to get active in HPCL.
  • Daily chart also indicates HPCL is facing strong 38.2% fibonacci retracement support around 373. If closes below 373 then will find next strong support around 350 (its 50% fibonacci retracement).
    • Intraday close watch once stock starts trading below 373. if trades below then intraday weakness is expecting.
  • Chart also indicates that HPCL MACD indicator is moving in -ve zone and now gone below 0, this indicates weakness in HPCL.
    • Even stock is now trading below 50 days moving average as shown above, this too will favor bears. Close Watch.
  • Click here to see all the reports (tips) published by us on HPCL (as per technical analysis point of view).
  • Check out list of trading holidays for year 2014.





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What is Intraday Tips ?

Q. What is Intraday Tips / Inraday Trading / Delivery trading.

A. There are basically two types of trading on stock market--
1- Delivery
2- Intraday

Delivery trading is one in which shares are bought and can only be sold after they are delivered by the broker.that means that they cannot be sold the same day , and delivery takes two to three days after they are bought and then they are ready to be sold.

Intraday trading which takes place for that very particular day and there is no delivery..they can be bought and sold the same day...and are automatically sold at the end of the trading session if you have not sold it by yourself during the trading session. The person who suggest such types of forecast is called

Intraday Tips

.