HINDUSTAN PETROLEUM CORP
Long

Hindustan Petroleum: Classic Wyckoff Re Accumulation

The range marked by the magenta lines comes across as a classic Wyckoff Reccumulation zone. The volume signature and the recent rally confirms the bullish view. A breakout past the higher end of the range and a successful re-test would get me interested in this stock from the long-side.

Am watching this stock with interest.

Disclaimer