Weekly chart . HPCL is a short only 4 weekly trend. Otherwise it has immense fuel power . In the short term looks good 4 anywhere between 417 - 466 . But hurry to buy at these levels. If an investor why worry abt Rs 100 here and there when u looking at a multibagger.
@AJAYSHARMA, i dnt find it a short right now ,instead its a buy on dip
multiple support between 510- 525.
and its in very strong bull trend and we should always look to buy in uptrend , going against the wind can be risky.
shorts wil be favourable only if closes below 510 on weekly charts.
@KumarAbhilash, i agrre with your view.i think he is giving call for intraday. but 524.9 is the previous week low. i remmber it went on consolidation in the range of 501 to 515 for many days, nearly 16 to 18 days if i am correct and took off but if you see on daily and weekly chart at present it has failed to make higher high, i donot wave 3 on weekly may start after this pull back