GP Petroleums- Symmetrical Triangle+ Bollinger Band Breakout-Buy
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.
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
