HINDPETRO: Good Sell@411 SL 422 TGT 392 Short

HINDUSTAN PETROLNSE

Description

⋅ Jan 22, 2018 1:23 PM

HINDPETRO was sold today with more than 3 times its average Volume, with loss of 3.36% and closed in red. Sell HINDPETRO @ 411 (CMP:401.80) with SL 422 and TGT 392

Trade closed: target reached

⋅ Jan 23, 2018 11:30 AM

Target Met. Todays Low is like a DOT: 392

Comments

sirlaxmanagarwal

⋅ Jan 23, 2018 1:41 PM

Good analysis.. But i think it can be traded as failing wedge above 430 levels.. What's your thought?

MohammedJunaid

⋅ Jan 23, 2018 3:09 PM

@sirlaxmanagarwal, Thanks for the support buddy. above 428.85 (TCFL cloud) and 430 Falling Wedge breakout can be traded only with Supporting Volumes.
Keep in touch. let me know if there is anything I might miss in my analysis.