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HINDPETROMARKET OUTLOOKSTOCK OUTLOOK

Hindustan Petroleum Outlook for the Week (August 14, 2023 – August 18, 2023)

Hindustan Petroleum closed the previous week on a negative note losing 2.87%.

Technically, Hindustan Petroleum share price will see immediate support at 262.68 and immediate resistance would be seen at 270.43.

If Hindustan Petroleum share price closes below immediate support of 262.68, then sharp breakdown can be seen. Hindustan Petroleum share price will see major support at 258.72 for the week.

On the positive side, immediate resistance will be seen at 270.43. Closing above 270.43, Hindustan Petroleum share price will see a sharp breakout. Major resistance for Hindustan Petroleum share price will be seen at 274.22 for the week.

Trading range for Hindustan Petroleum share price for this week should be between 254.93 on down side and 278.18 on up side.

Hindustan Petroleum Previous Week High: 270.25

Hindustan Petroleum Previous Week Low: 262.5

Hindustan Petroleum Previous Week Range: 7.75 Points

Hindustan Petroleum share price support and resistance for the week (August 14, 2023 – August 18, 2023)

Level Type Value
Resistance 3 278.18
Resistance 2 274.22
Resistance 1 270.43
Support 1 262.68
Support 2 258.72
Support 3 254.93

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