thereplicant

Hind petro channel breakout

NSE:HINDPETRO   HINDUSTAN PETROL
55 0 1
15m PA in Hindpetro             shows consolidation inside a channel. Breakout can be on either side but my reading of PA says it would be most likely on the down side. Targets are marked in green. If the PA breaks the trend line marked in yellow, downside move would be negated or delayed and in that case PA could move upside to the previously tested levels marked in green.

Good luck to y'all
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