HPCL Stock Surges to Record Highs, Experts Advise Buying with Price Targets

Hindustan Petroleum Corporation Ltd (HPCL), a major player in the oil and gas sector, has achieved fresh record highs, surpassing Rs 487 on November 3, 2025, after breaking out of a significant multi-month resistance zone around Rs 450-460. The stock has shown robust performance, rallying over 19% in the last three months and experiencing a significant surge in trading volume, indicating strong investor interest. Technical analysis reveals HPCL is trading above crucial short and long-term moving averages, including the 200-DMA, and shows bullish signals from the Relative Strength Index (RSI) at 69.4 and the Moving Average Convergence Divergence (MACD). Rajesh Palviya from Axis Securities highlights that the breakout from the resistance zone and a rectangle pattern suggests persistent bullish momentum. He recommends buying HPCL on minor dips with a target price of Rs 545-560 and a stop-loss at Rs 435.

Impact: This strong technical breakout and positive expert recommendation could lead to increased investor buying, potentially driving the stock price higher towards the projected targets and boosting investor confidence in the company and the oil and gas sector. Rating: 8/10

Difficult Terms: Resistance Zone: A price level where a stock has historically found it difficult to move higher due to selling pressure. 200-DMA (200-Day Moving Average): An average of the stock's closing prices over the past 200 days, used as a long-term trend indicator. Momentum: The rate of acceleration of a stock's price change, indicating its upward or downward speed. RSI (Relative Strength Index): A technical indicator measuring the magnitude of recent price changes to evaluate overbought or oversold conditions. A reading above 70 is generally considered overbought, and below 30 oversold. MACD (Moving Average Convergence Divergence): A trend-following momentum indicator that shows the relationship between two moving averages of a stock's price, used to identify changes in momentum. Bullish Momentum: A sustained upward trend in stock prices characterized by increasing buying interest and price increases. Trading Volume: The total number of shares traded for a security during a given period, indicating market activity and interest. Rectangle Pattern: A consolidation chart pattern where prices trade within parallel horizontal support and resistance levels, often preceding a continuation of the prior trend.