shiv2798
Long

Hind Petro Swing trade

NSE:HINDPETRO   HINDUSTAN PETROL
53 4 0
I am looking to buy Near 542 with stop 529 for Target of 558
Risk 13 Point
Reward 16 Point
Regards
Trade closed: stop reached
Hi Shiv..i entered at 518....what are your views?
Reply
shiv2798 samayra
@samayra, sir it's contract closing drama
I still find it bearish as per chart but I also believe it will retrace for few points ,
It's all depends on how market opens and trade for 15 to 30 minutes in morning
There is no seller left in that script until it break low of 501
If that is broken then it will damage the faith of the stock
Institutional are aware of this faith issue rises then the stock will never rise easily because no one will believe easy
You please take your analysis after open
Regards
Reply
shiv2798 samayra
@samayra, I hope you have sold in good value
I too have bought the stock 519 and sold
But I didn't inform because already one stop was hit
Regards
Reply
samayra shiv2798
@shiv2798, thanks Shiv...yes I exited at 534. Booked a quick profit. I am not holding investments too long now a days as markets are choppy and can get triggered for correction any time.
Reply
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