ParamjitMahapatro
Long

hindoil explorer looks bullish in medium term

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

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

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