Abhishek_TradersSin

SWING TRADE IN HINDPETRO || BUY ZONE

Long
NSE:HINDPETRO   HINDUSTAN PETROL
Hi, don't forget to like in case you like the analysis.

Analysis basis :
1. On a daily time frame we have seen a good multizone breakout, hence buy bias.
2. We came down to 4H time frame to check for accumulation zone and confirm with a double pattern breakout.

Suggestion : Aggresive entry (25%) now + Safe entry (75%) after zone break

I have personally invested like this. So I will keep you posted on the same.

Regards,
Abhishek Singh

Comments

Good analysis Abhishek - few points from my end based on my studies

1) On weekly TF there is a Double Bottom Breakout at 239 level (and Price has testing this level) - DB BO target is 318
2) On a Daily TF, there is a Angular resistance coming from 2017 @ 259 level - Price is trying to break this out, if broken target would be 284
3) Current PA suggest a shakeout before break out
+2 Reply
bought @235 went high till 259
today it went low as bought price
holding for target
Reply
good working🎁🎁
Reply
Abhishek_TradersSin Future_Trading
@Future_Trading, Thanks buddy
Reply
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