HPCL Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock coming down from strong resistance, HPCL must close above 465 to favor bulls. (Updated On 21st August 2014, Thursday).


  • As per previous report published on HPCL, stock gave a sharp up move after breaking its resistance @ 431 and stock made a high @ 465 in just 2 trading days. (Click here to see previous report published on HPCL).
  • Now daily chart indicates that shown has shown a bearish candlestick pattern at current levels this indicates as long as stock trades below its previous high @ 465 it will favor bears. As shown in graph no1.
  • As per graph no2  stock is coming down from its previous high, so as long as stock trades below bears will dominate, but once stock closes above its trend line resistance @ 465 then bulls will get active and we can see some strength in HPCL for next few  trading days.
  • As per graph no3 if stock falls from current levels then HPCL will find strong fibonacci retracement support around 443, 430, 420 and 408.
  • As per graph no4, if stock closes above its previous top @ 465, then bulls can get active again. If stock stays and moves up then will find next strong resistance around 515 its 161.8% fibonacci retracement. Close Watch.
  • Click here to see all the free trading reports (tips) published by us on HPCL.
  • Tips On Shares.

No comments:

Post a Comment


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