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forextidings
Oct 13, 2021 4:40 AM

Is Hindustan Petroleum Setting Up for A Rally Above 400? Long

HINDUSTAN PETROL FUTURESNSE

Description

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.

Comment

Price is very close to our first target of 352.
Current price: 347
Comments
gr8ston
Holding on to it. is it still moving towards 400 anytime soon?
saumacool
Can you please share your view on JSW steel?
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