HINDPETRO (1W TF) - Swing Trade Analysis given on 11th April, 2024
Pattern: FALLING WEDGE BREAKOUT - Trendline Resistance Breakout - Done ✓ - Volume buildup at Resistance - In Progress - Demand Zone Retest & Consolidation - In Progress
#hindpetro #niftyenergy
Trade closed manually
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HINDPETRO Update (as on 2nd May, 2024)
✓ 14% Up in 10 Trading Sessions
- Stock gave a nice clear entry at the Demand Zone Marked out - Today's candle confirms the strength and was with strong volumes
- Closed out my position at 534 with a decent return - Will wait for a retracement for a re-entry trade later - Needed the capital for another swing trade