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Hind Petro : Buying opportunity with good R:R (Demand Zone)

Long
NSE:HINDPETRO   HINDUSTAN PETROL
Hind petro has been bleeding since months. In previous day session it closed at 171 which is its a good support. If you zoom out its chart on weekly time frame
you will find this zone is very crucial for Hind petro (171-164). So, swing short should be avoided and anybody having postiion on short side they must book their profit.
If a bounce came from here and breaks the 175 level buy can be initiated with SL 170.

Comments

looks good with small sl
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