HPCL witnessed selling pressure once again from its previous top @ 392.

HPCL share price forecast
hpcl stock advice

Advertisements

Stock on today’s trading 20-07-17 witnessed selling pressure once again from its previous top @ 392. Technical chart so far indicates weakness as long as stock holds below its resistance zone. Visit this page for hpcl share price forecast. Suggested link – Visit link for ITC share price forecast.

Stock today trading with a loss of Rs. 15.50 (-4.04%) at Rs. 368.25 at NSE at 02:01 pm. Share price of HPCL opened 369, intraday high 376.45 and intraday low 363.80. Total traded volumes so far were 5457008.

Advertisements

Free HPCL share price forecast
hpcl stock advice

Stock today (19-07-17) bounce back after a news of Indian Oil, ONGC, HPCL rise on merger talks. Technical chart indicates that if stock moves up from current levels then it will find resistance at its previous top @ 392. Further price rise expecting once it closes and holds above its resistance zone. Intraday bull action expecting once stock holds above 392 during trading hours. Visit this page for hpcl share price forecast. Suggested link – Hero Motocorp share price forecast.

Advertisements

Stock today closed with a gain of Rs.15.50 (+4.21%) at Rs. 383.70 at NSE. Share price of HPCL opened 373.45, intraday high 389.50 and intraday low 370. Total traded volumes were 6028573.

Advertisements

HPCL stock adviceHPCL share price forecast

Stock witnessing selling pressure from its trend line resistance zone. Bears will be be favored as long as stock holds below 392. Yesteday (17-07-17) stock closed with loss of Rs. 9.55 (-2.47) at Rs. 377.85. Share price of HPCL opened 383.40, made an intraday high 388.95 and low 371.25. Total traded volumes were 4494685. Visit this page for hpcl share price forecast.

Stock was on news – HPCL is planning to invest Rs 61,000 crore in next four years for expanding and upgrading its existing refining capacity to meet higher quality fuel norms, the company said in an investor presentation.


HPCL share price forecast and technical analysis
HPCL share price forecast

Stock showed strong bulls action after breaking its resistance zone @ 383.50 (as showed in our previous recommendation below). Current technical chart indicates that stock now finding strong resistance at current levels @ 392. Further price rise action expecting once stock closes and holds above 392. Visit this page for hpcl share price forecast.

Stock closed with a gain of Rs. 12.30 (+3.28%) at Rs. 387.40 on 14th July 2017 at NSE. Share price of Hind Petro opened at 375.75 made an intraday low of 368.75 and intraday high of 392. Total traded volume 5764486.


HPCL Share price forecast
hpcl share price forecast

Stock finding strong trend line resistance at current levels, technical charts indicates further bulls action expecting once stock closes and holds above 383.50. Intraday we can see price rise action once it holds above 383.50. If stock fails to hold above then correction expecting from current levels. Visit this page for HPCL share price forecast.

If stock moves up from current levels then will find trend line resistance around 383.50 and 391. If falls then will find support around 335, 327. Today stock price closed with a gain of Rs. 15.85 (+4.41%) at Rs. 375.10. Stock opened at Rs. 366.40, made an intraday high 382, touched an intraday low 461.25. Total traded volume 12184816. HPCL 52 weeks highis Rs. 388.67 and 52 week low Rs. 229.11.

HPCL share price is on bull run from last two days on merger news with ONGC Corporation, which will likely to place soon. “The Cabinet is likely to consider this month sale of government’s 51% stake in HPCL) to for over Rs 26,000 crore,” the PTI report suggests.

Leave a Reply

Your email address will not be published. Required fields are marked *