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shiv2798
May 18, 2018 4:22 PM

Long on Brake of Flag  Long

HINDUSTAN PETROLNSE

Description

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
Sidharth_Kr_Jain
What's now. Any chances to recover to 346. Today new 52week low of 283 n clisong around 287
shiv2798
@Siddharth_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 ,
Sidharth_Kr_Jain
shiv2798
@Siddharth_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
Sidharth_Kr_Jain
@shiv2798, Ok Sir.
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