NSE:HINDPETRO   HINDUSTAN PETROL
It has made a Bearish Harmonic Alt Shark near the trend line resistance. It could retrace till 220, view negates above 238
Comment: 227 is an immediate support, below that 220 likely. resistance now at 233 from 238

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Sir, are those many indicators really required for trade?? It doesn't confuse?? Just a question based on curosity..
+1 Reply
Dinesh_C_Nagpal pskulkarni_2609
@pskulkarni_2609, the indicators are part of Ichimoku (each has its importance) and not confusing at all. The pattern drawn is Harmonics (to confirm a resistance) with the fibonacci being a part of support for a probable path down. the trend lines are complimentary to the support resistance.
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