shiv2798

Long on Brake of Flag

Long
shiv2798 Updated   
NSE:HINDPETRO   HINDUSTAN PETROL
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
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.