HINDUSTAN PETROLEUM CORP

Short

HindPetro Short Setup

Updated

End of Bully Rally & Bearish Divergence

Sell Range - Rs460 to Rs480
SL - Rs510 (weekly Close)
Target 1 - Rs396
Target 2 - Rs340

Potential Return - 32%
Potential Loss - 7%

Very goood RR Ratio, worth a try...

Note

Option Strategy

Buy Dec 400 PE - Below Rs2 ( CMP - Rs1.20)
Buy Jan 400 PE - Below Rs4.75 ( CMP - Rs4.15)

be careful with options because of time value...

Note

Maruti End of Bull Rally

Note

ONGC End of Bull Rally

Note

Maruti & ONGC Similar Strategy click above charts to view

Note

Dec PE 400 now CMP Rs4

Related publications

Maruti End of Bull Rally

ONGC End of Bull Rally

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