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HINDPETROMARKET OUTLOOKSTOCK OUTLOOK

Hindustan Petroleum Outlook for the Week (December 18, 2023 – December 22, 2023)

Hindustan Petroleum
Hindustan Petroleum
Hindustan Petroleum closed the previous week on a negative note losing 9.36%.

Technically, Hindustan Petroleum share price will see immediate support at 362.35 and immediate resistance would be seen at 399.10.

If Hindustan Petroleum share price closes below immediate support of 362.35, then sharp breakdown can be seen. Hindustan Petroleum share price will see major support at 340.80 for the week.

On the positive side, immediate resistance will be seen at 399.10. Closing above 399.10, Hindustan Petroleum share price will see a sharp breakout. Major resistance for Hindustan Petroleum share price will be seen at 414.30 for the week.

Trading range for Hindustan Petroleum share price for this week should be between 325.60 on down side and 435.85 on up side.

Hindustan Petroleum Previous Week High: 392.75

Hindustan Petroleum Previous Week Low: 356

Hindustan Petroleum Previous Week Range: 36.75 Points

Hindustan Petroleum share price support and resistance for the week (December 18, 2023 – December 22, 2023)

Level Type Value
Resistance 3 435.85
Resistance 2 414.30
Resistance 1 399.10
Support 1 362.35
Support 2 340.80
Support 3 325.60
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