shiv2798

Long on Brake of Flag

Long
NSE:HINDPETRO   HINDUSTAN PETROL
174 views
4
I am still looking Good upside move form this level , its Currently making a Flag and it will likely move up for 1st target of 346 and it can move up after a brief correction , down side is very limited but up side move is high likely possible
one can look for entering with their own trade procedures
Comment: Still in range , wait for Brake of the Structure
Comment: Even though it has made a new low , but that does not change the structure , This one is going to Go , once can Look for entering on Bullish confirmation on daily closing , it will be low risk if enter form the this level
Comment: As I said , it has to bounce even after making new low , the scrip has already moved down Quite a long % form its recent HTF high , one can look for entering after a brief pull back on daily and kindly trail your stop
Comment: Well well , made retest as per forecast , Exactly to level 300.05 , you can such examples in my Chart this keeps repeat , now this one will go slow because of Crude in rise , if you find its not good staying in it you better take exit , because Crude is going to be Nasty form this level

Comments

What's now. Any chances to recover to 346. Today new 52week low of 283 n clisong around 287
Reply
shiv2798 Sidharth_Kr_Jain
@Sidharth_Kr_Jain, I have clearly mentioned only above the Flag brake out , it failed to make move and may be it will take time to bounce back ,
Reply
@shiv2798, ok
Reply
shiv2798 Sidharth_Kr_Jain
@Sidharth_Kr_Jain, Yes it has chance to come back to 346 , but time frame its little difficult to commit, it has to bounce or it has to go range bond before making U turn
Reply
@shiv2798, Ok Sir.
Reply
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