lmass11
Long

Hindustan Petroleum- Symmetrical Triangle Breakout

NSE:HINDPETRO   HINDUSTAN PETROL
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Hindustan Petroleum is about to breakout from long Symmetrical Triangle.

Entry can be taken once it crosses 562-565 with Stop loss at 535.

Minimum target should be placed at 640 which is calculated by height of the triangle.
May 21
Order cancelled: Price action never reached resistance and instead it broke support at 527 first.

Stock might head lower now for coming weeks, no point of going long.
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