sgor1980
Long

HPCL: Support @534

NSE:HINDPETRO   HINDUSTAN PETROL
32 0 1
The stock of HPCL may find its support @534. The stock may target for the next upside level in the zone of 590-620. However, if it breaks below 514, on the worst part, then the situation may get reverse.
The downside risk is of 20-25 points and upside gain can be of 50-100 points.
Comment: HPCL looks to have discovered back its power.
Currently, trading @552.50 making day's high
Comment: HPCL LOSING ITS POWER. IT WILL BE DANGEROUS TO KEEP ANY LONG POSITION BELOW 530.
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