hindoil explorer looks bullish in medium term

Updated
double bottom formed after a long downtrend,
price broke the neckline and pattern got confirmed,
and then price retested the broken neck line and reversed

also hidden bullish divergence is seen in weekly. snapshot

sl - 65 pattern tgt - 108
Trade active
going good, till now 81.4
Trade active
moving up as expected till now 98.10
Note
In weekly, BB is expanding and candles are riding the upper BB with good volume, snapshot
Trade active
double bottom pattern tgt of 108 is already achieved here.

snapshot
Note
round bottom forming here, watch for breakout, once breakout is done and pattern is confirmed much higher levels waiting for us in hindoilexp.

snapshot
breakoutBullish PatternsDouble BottomDouble Top or BottomretestingTrend Analysisuptrend

Disclaimer