aks85
Long

GP Petroleums- Symmetrical Triangle+ Bollinger Band Breakout-Buy

NSE:GULFPETRO   GP PETROLEUMS LTD
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3
As seen in GP Petroleums has broken out of symmetrical triangle with volumes on the daily chart . Also, it has given a breakout of the bollinger bands indicating a bullish move.
It is bullish in larger time frame also.

Expected Levels- 96 ,105, 115

In the hourly chart it has given a flag pattern breakout for which the target is 96. Its previous all time high is around 99, where it can be resisted. A break of 99 on closing basis would see a easy move to 115.

Comment: target 1 achieved

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