Hindustan petroleum-75 min chart indicates the price has fallen out of the symmetrical triangle.
Further move is likely to south as the selling volume is also high.
Can it reach the the apex of the triangle at 492
The setup is invalidated above 515
Regards
Karthik Bharathi
Further move is likely to south as the selling volume is also high.
Can it reach the the apex of the triangle at 492
The setup is invalidated above 515
Regards
Karthik Bharathi
Trade closed: stop reached:
The stock took support in the previous gap zone. Also it reached the stop by a spike.
Didnt go the way it was expected.
Didnt go the way it was expected.