kalyanganguly

HPCL - Bullish Breakout

Long
NSE:HINDPETRO   HINDUSTAN PETROL
Note: This is for educational purpose only. Please do not trade F&O in this.

There seems to be a bullish breakout in play. The breakout is happening from last 52 week resistance. There seems to be a breakout is RSI as well. RSI at 69 indicates bullish momentum. Moreover, the breakout is happening post build up near resistance which is a sign of strength.

SL: 220₹