TradingView
sathiyans31
Aug 6, 2022 5:20 PM

hindpetro analysis BULLISH MODE Long

HINDUSTAN PETROLNSE

Description

hi traders.,

1.hindpetro inverted h&s pattern breakout in day chart.., its formed in bottom of the channel
2. also long term its traded in channel ..,as per channel rule it has to come top of the channel., so we got a double conformation..,
3. over all bullish mode stop below 240 ( buy around 245- 250 )
first target 270 -275 and next target around 280 -285
target period 15 days
4.strong bullish close on weekly chart.., also today they declare result hope it will boom on monday .

Comment

weeklywise its closed above 245 ..,still gud level of buy

Comment

hit trendline target & corrected ..,if again closed above 245 it will break upside overall buy trend ✌
Comments
nallujoy
Do you think it will goes up? Any updated information about this share. I have it in my portfolio
sathiyans31
@nallujoy, yes bro still its in buy trend.., stock accumulation going on
nallujoy
@sathiyans31, okay bro.. currently I have this position in Option and average price @2 rs 265 CE. Right now it is 1rs
sathiyans31
@nallujoy, bro dont buy OTM option .., take a future trade with perfect stoploss orelse do option strategies
nallujoy
@sathiyans31, Hi bro I am still holding this share..can we expect this will go up upto 270 in next few days?
TheNewsCrypto
Good insights
More