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HINDPETROMARKET OUTLOOKSTOCK OUTLOOK

Hindustan Petroleum Outlook for the Week (August 07, 2023 – August 11, 2023)

Hindustan Petroleum closed the previous week on a negative note losing 7.23%.

Technically, Hindustan Petroleum share price will see immediate support at 259.62 and immediate resistance would be seen at 280.37.

If Hindustan Petroleum share price closes below immediate support of 259.62, then sharp breakdown can be seen. Hindustan Petroleum share price will see major support at 252.53 for the week.

On the positive side, immediate resistance will be seen at 280.37. Closing above 280.37, Hindustan Petroleum share price will see a sharp breakout. Major resistance for Hindustan Petroleum share price will be seen at 294.03 for the week.

Trading range for Hindustan Petroleum share price for this week should be between 238.87 on down side and 301.12 on up side.

Hindustan Petroleum Previous Week High: 286.95

Hindustan Petroleum Previous Week Low: 266.2

Hindustan Petroleum Previous Week Range: 20.75 Points

Hindustan Petroleum share price support and resistance for the week (August 07, 2023 – August 11, 2023)

Level Type Value
Resistance 3 301.12
Resistance 2 294.03
Resistance 1 280.37
Support 1 259.62
Support 2 252.53
Support 3 238.87

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