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kchachan

HINDPETRO - Overbought or continue rally ?

Short
HINDUSTAN PETROL (NSE:HINDPETRO)  
kchachan  
NSE:HINDPETRO   HINDUSTAN PETROL
Trend Analysis hindpetrosell HINDPETRO resistance_level
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trendanalysis hindpetrosell hindpetro resistance_level
Hindpetro has been showing rally and has crossed the resistance level and above 200 ema.
The stock is in overbought territory.
There can be reversal signs after 1-2 sessions after the rally is halted and stock comes back to normal position.
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