HINDUSTAN PETROLEUM CORPORATION LTD - Keep an Eye + Cup & Handle

πŸ“Š Script: HINDPETRO (HINDUSTAN PETROLEUM CORPORATION LIMITED)
πŸ“Š Nifty50 Stock: NO
πŸ“Š Sectoral Index: NIFTY 500 , NIFTY MIDCAP
πŸ“Š Sector: Energy Oil Gas & Consumable Fuels
πŸ“Š Industry: Petroleum Products Refineries & Marketing

Time Frame - Daily
snapshot

Script is forming Cup & Handle Pattern as shown in a chart.

Key highlights: πŸ’‘βš‘

πŸ“ˆ Script is trading at upper band of Bollinger Bands (BB).
πŸ“ˆ MACD giving crossover.
πŸ“ˆ Double Moving Averages also giving crossover.
πŸ“ˆ Volume is increasing along with price.
πŸ“ˆ Keep an eye on Script, it may give breakout of Cup & Handle Pattern.
πŸ“ˆ Current RSI is around 63.
πŸ“ˆ One can go for Swing Trade ONLY ABOVE 254.

BUY ONLY ABOVE 254

⏱️ C.M.P πŸ“‘πŸ’°- 249.95

⚠️ Important: Always maintain your Risk & Reward Ratio.

⚠️ Purely technical based pick.

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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.

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Happy learning with trading. Cheers!πŸ₯‚
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