HPCL- Alarm Bell Rings Above 1251.50

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The Alarm Bell rings if HPCL goes above 1251.50 - Right Shoulder High- In that we no longer can stay bearish or in selling camp.

If in coming session, it starts going below neckline again- we will get little confidence that bears are still active in HPCL

Trade active: 09:50 Hrs-IST-7th Sep2016- I was correct -HPCL passed the mark 1251.50 - We cannot stay bearish & look at current its trading at 1268
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
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