Hindustan Petroleum Corporation500104Oil marketing, downstream
Viewer query on Hindustan Petroleum holding at 380; analyst Vishnukant said stock forming double bottom, recommended long above 320 with target 352
- Buy price query
- 380 rupees
- Stock move today
- up 2.5%
- Support level
- 320
- Target/21-day EMA
- 352
Heard on business television between 14:03:43 - 14:06:43 IST.
- Viewer Joseph from Kochi holds HPCL at 380 and asked whether to hold and buy more; stock up 2.5% on the day.
- Vishnukant Upadhyay noted tremendous pressure across downstream oil companies including HPCL.
- He said prices are forming a double bottom pattern and recommended going long as long as stock sustains above 320, targeting 352.
- He cautioned the stock is consistently forming lower highs, and a decisive move above the 21-day EMA near 352 is needed.
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The call above is Vishnukant Upadhyay, Master Capital Services's, reported here as they made it. Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.