skbharathi
Long

Hind Petro-Likely Rectangular Breakout?

NSE:HINDPETRO   HINDUSTAN PETROL
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
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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