Buy HPCL for target of 285
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About Company:-
Hindustan Petroleum Corporation Ltd is mainly engaged in the business of refining of crude oil and marketing of petroleum products, production of hydrocarbons as well as providing services for management of E&P Blocks.
Market Cap
₹ 33,655 Cr.
Current Price
₹ 237
High / Low
₹ 304 / 200
Stock P/E
Book Value
₹ 198
Dividend Yield
5.88 %
ROCE
11.6 %
ROE
18.1 %
Face Value
₹ 10.0
Debt
₹ 74,332 Cr.
EPS
₹ -60.4
PEG Ratio
Promoter holding
54.9 %
Intrinsic Value
₹
Pledged percentage
0.00 %
EVEBITDA
-18.5
HPCL looking good on chart, 200 day EMA is crossover just happen at 237 level. MACD bullish cross over is also gonna to be very soon. Right now it is trading in lower range but according to price action we can see upside moment, and very soon we can see huge breakout which can make HPCL towards 285+ levels. So if anyone wants to go long can go with given levels. Please follow strict stop loss.
If anyone wants to trade in Option writing can take this position:-
Sale hindpetro 240 Pe at 5.25
keep stop loss for this strike at 10
and hedge with Hindpetro 225 pe at 0.65...
If anyone wants to just naked option can go with :-
buy Hindpetro 235 Ce AT 5.8
keep stop loss at 1.5 and ride the trade for the target of 9/10/11+
If anyone like my work please support me by like, follow and comment.
Thankyou.
Hindustan Petroleum Corporation Ltd is mainly engaged in the business of refining of crude oil and marketing of petroleum products, production of hydrocarbons as well as providing services for management of E&P Blocks.
Market Cap
₹ 33,655 Cr.
Current Price
₹ 237
High / Low
₹ 304 / 200
Stock P/E
Book Value
₹ 198
Dividend Yield
5.88 %
ROCE
11.6 %
ROE
18.1 %
Face Value
₹ 10.0
Debt
₹ 74,332 Cr.
EPS
₹ -60.4
PEG Ratio
Promoter holding
54.9 %
Intrinsic Value
₹
Pledged percentage
0.00 %
EVEBITDA
-18.5
HPCL looking good on chart, 200 day EMA is crossover just happen at 237 level. MACD bullish cross over is also gonna to be very soon. Right now it is trading in lower range but according to price action we can see upside moment, and very soon we can see huge breakout which can make HPCL towards 285+ levels. So if anyone wants to go long can go with given levels. Please follow strict stop loss.
If anyone wants to trade in Option writing can take this position:-
Sale hindpetro 240 Pe at 5.25
keep stop loss for this strike at 10
and hedge with Hindpetro 225 pe at 0.65...
If anyone wants to just naked option can go with :-
buy Hindpetro 235 Ce AT 5.8
keep stop loss at 1.5 and ride the trade for the target of 9/10/11+
If anyone like my work please support me by like, follow and comment.
Thankyou.
Note
hope everyone have made profits now strike 240 pe trading at 1.25 and 225 pe at 0.15,,,hopw everyone is making handsome profits in it. We already eaten 4.35 points per lot. Please guy's like and support me if you really like my idea or making money. Thankyou.Note
hope everyone making profits in HPCL. Start booking profits in options trade.
Rahul Pal (Indian Moderator)
(Full Time Trader & Investor)
Join Free telegram t.me/TraderRahulPal1
For Live Streaming join youtube.com/@realbullstrading26
Learning Stock Market and Trading Programmes.
Whatsapp:- 9560604457
(Full Time Trader & Investor)
Join Free telegram t.me/TraderRahulPal1
For Live Streaming join youtube.com/@realbullstrading26
Learning Stock Market and Trading Programmes.
Whatsapp:- 9560604457
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