Hind Petro-Likely Rectangular Breakout?
Hindustan petro-weekly suggests that the price is consolidating in a rectangular fashion.
The rectangular is likely to breakout. If the price breaks out above 390 , likely target could be 45-50 points from that.
the pattern gets invalidated below 375
The rectangular is likely to breakout. If the price breaks out above 390 , likely target could be 45-50 points from that.
the pattern gets invalidated below 375
Trade active
Though the price went well below the mentioned stop 375, the price is still trying to move above 390. The target zone is 430-435, now the stop loss is little deepened to 370. Thanks and regards
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