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HINDPETROMARKET OUTLOOKSTOCK OUTLOOK

Hindustan Petroleum Outlook for the Week (October 16, 2023 – October 20, 2023)

Hindustan Petroleum
Hindustan Petroleum
Hindustan Petroleum closed the previous week on a negative note losing 4.89%.

Technically, Hindustan Petroleum share price will see immediate support at 249.70 and immediate resistance would be seen at 262.50.

If Hindustan Petroleum share price closes below immediate support of 249.70, then sharp breakdown can be seen. Hindustan Petroleum share price will see major support at 242.95 for the week.

On the positive side, immediate resistance will be seen at 262.50. Closing above 262.50, Hindustan Petroleum share price will see a sharp breakout. Major resistance for Hindustan Petroleum share price will be seen at 268.55 for the week.

Trading range for Hindustan Petroleum share price for this week should be between 236.90 on down side and 275.30 on up side.

Hindustan Petroleum Previous Week High: 261.8

Hindustan Petroleum Previous Week Low: 249

Hindustan Petroleum Previous Week Range: 12.8 Points

Hindustan Petroleum share price support and resistance for the week (October 16, 2023 – October 20, 2023)

Level Type Value
Resistance 3 275.30
Resistance 2 268.55
Resistance 1 262.50
Support 1 249.70
Support 2 242.95
Support 3 236.90
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