Stock analysis Hindustan Oil Exploration Company Limited HINDOILEXP

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Moving Averages for Hindustan Oil Exploration Company Limited

5Day Average: 194.44
12Day Average: 196.45
20Day Average: 195.3
50Day Average: 199.81
100Day Average: 224.43
150Day Average: 221.29
200Day Average: 213.14

HINDOILEXP Indicators & signals

Indicator MACD (12,26,9)

195.2, 196.64, -1.78
Indicator MACD is in negative zone

Indicator ADX (14)

5.07, 18.76, 16.95
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 51
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of HINDOILEXP Hindustan Oil Exploration Company Limited are as follows: Daily volume is divided by 10 day averaged volume

Date	Close	Range	Change %	Volume
20 Fri Dec 2024	192.66	191.10 to 201.90	-2.06%	0.83 times
19 Thu Dec 2024	196.72	190.00 to 202.70	1.37%	1.1 times
18 Wed Dec 2024	194.07	193.80 to 198.74	0%	0.92 times
18 Wed Dec 2024	194.07	193.80 to 198.74	-0.3%	0.92 times
17 Tue Dec 2024	194.66	190.57 to 197.75	0.59%	1.12 times
16 Mon Dec 2024	193.51	192.84 to 199.33	-0.83%	0.51 times
13 Fri Dec 2024	195.12	190.55 to 196.55	-0.73%	0.95 times
12 Thu Dec 2024	196.55	195.50 to 203.08	-2.63%	0.7 times
11 Wed Dec 2024	201.86	201.10 to 208.83	-1.9%	1.83 times
10 Tue Dec 2024	205.78	193.49 to 208.00	4.98%	1.58 times
09 Mon Dec 2024	196.02	195.40 to 198.78	-0.15%	0.38 times
06 Fri Dec 2024	196.32	195.51 to 200.90	-0.19%	0.67 times

Technical analysis forecast for Hindustan Oil Exploration Company Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Hindustan Oil Exploration Company Limited HINDOILEXP at this time. Stock is falling and might fall more.

It appears as if Hindustan Oil Exploration Company Limited HINDOILEXP gave a large move recently.

Stock of Hindustan Oil Exploration Company Limited (HINDOILEXP) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Hindustan Oil Exploration Company Limited is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 192 as stoploss in an intra day buy trade for a target of 195.72. However, stock will show a bearish move below 192.

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