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HINDUSTAN PETROLEUM CORP
Short

HPCL SHORT

By shubhamwaghmare
Updated
Chart shows down converging channel. It can go further downside at its imediate support of 348. Then a consolidation can taken place,and rally can be possible from that level.If it breaches the level of 348 then the support can shift to 325.
Trade closed: target reached
Today almost 350 level is reached.Heavy put writing at level of 350 act as support,chances are there to cross below 350 but not going to hold that level.
Trade closed: target reached
Chart PatternsTrend Analysis
shubhamwaghmare

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