Page 5 - ஹிந்துஸ்தான் எண்ணெய் ஆய்வு நிறுவனம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana
After NCLAT, NCLT now also dismisses appeal of Hindustan Oil Exploration Co
smetimes.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from smetimes.in Daily Mail and Mail on Sunday newspapers.
Insolvency Law In Review – November 2020
livelaw.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from livelaw.in Daily Mail and Mail on Sunday newspapers.
Explore Now
NEW DELHI: Nifty on Tuesday managed to stage a rebound forming a bullish harami pattern signalling that the 50-pack index is likely to be back on its upward journey after yesterday s pause.
Aditya Agarwala, Senior Technical Analyst, YES Securities, said, “A sustained trade above 61.8% Fibonacci retracement level of the entire fall, i.e., 13,535 can trigger more short covering rallies taking the index back to levels of 13,580-13,650. However, failure to breakout of the 61.8% Fibonacci resistance may resume the corrective phase, dragging the Nifty lower to levels of 13,400-13,320.
“Market took an unexpected positive momentum in the afternoon, during a see-saw trading day, following the positive opening of the European market, which recovered from yesterday’s sell-off. Volatility is expected to stay high in the near term due to strict lockdown impacting economic recovery. However, the market is expected to remain bullish in the medium to long term, backed by overa
Yoganand D
BL Research Bureau |
Updated on
December 14, 2020
×
Investors with a short-term perspective can buy the stock of Hindustan Oil Exploration Company at current levels. The stock gathered bullish momentum and jumped 9.7 per cent with above average volume, breaking above a key resistance level of ₹92 on Monday. This rally has strengthened the short as well as intermediate term uptrend. Since recording a 52-week low at ₹30 in late March this year, the stock has been on an intermediate-term uptrend. After a corrective medium term downtrend, the stock took support at ₹60 in late October and continued to trend upwards.
The stock has been on a short-term uptrend since then. While trending up, the stock had surpassed its 21- and 50-day moving averages and trades well above them. Last week, the stock took support at ₹80 and bounced up solidly. There has been an increase in daily volume over the past three trading sessions.
HOEC to begin oil from production from B-80 field in April
SECTIONS
Last Updated: Dec 13, 2020, 03:29 PM IST
Share
Synopsis
HOEC in September 2017 won the block in India s first auction round of small discovered fields that the state-owned firms had not developed for a variety of reasons.
Agencies
ONGC thought the discovery is too small to make economic sense. But
Hindustan Oil Exploration Company (HOEC) in two years of taking over the B-18 block has not just discovered more resources but has invested enough to start oil and gas output from April next year. In an interview, HOEC Managing Director P Elango said the company will start producing 8,500 barrels per day of oil and oil equivalent gas from the B-80 block in April next year.
vimarsana © 2020. All Rights Reserved.