Is Hindustan Petroleum Setting Up for A Rally Above 400?

forextidings Pro Updated   
Wave 3 extended 161.8% of wave 1, and we can see a powerful rally in an extension of wave 5.

Hind Petrol Futures can hit the following targets before Oct end.
Target 1: 352
Target 2: 389
Target 3: 400

Where can we enter? The following rules can help you get the perfect entry.
A. Upper band of the parallel channel at 290.
B. High of 3rd wave at 312.

If the price isn't breaking wave b, we are still on the corrective structure.

Further information I will update you soon.
Price is very close to our first target of 352.
Current price: 347


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.