HPCL Futures Examination: Detailed Examination and Evaluation
In a recent article published on August 30, 2025, author Palani Shanmugam sheds light on the current state of HPCL's stock futures.
Since early July, HPCL's stock has been on a downward spiral, with the current trading price hovering within the support band of ₹370-380, at ₹376. However, a recovery in the stock may not change the short-term outlook positively unless it decisively breaks out of ₹390.
For those considering a short position, the stop-loss is set at ₹382, while the target remains ₹350. If the September futures for HPCL's stock slip below ₹372, a short position can be considered, given the strong selling pressure and the potential instability of the support.
On the other hand, for a long position, a breakout of ₹395 is necessary. If this happens, a buy order with a stop-loss at ₹385 could be considered, with a target of ₹420.
It's important to note that this information pertains to HPCL's September futures. For queries related to derivatives, you can reach out to [email protected].
However, no new information about potential upward movement of the stock or a potential long position is provided in this article. The article serves as a reminder of the current market dynamics and the potential risks and rewards associated with short and long positions in HPCL's stock futures.
As always, it's crucial to conduct thorough research and consider seeking advice from a financial advisor before making any investment decisions.
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