Hindustan PetrolTrading channel marked....
Once starts trading below the channel trend line....
it can pull back to 265 levels (good entry Point)
view negates below 255 close
Hindpertro
Hindpetro - H&S pattern breakoutBIG BREAKOUT possible in the stock. look only above the Trend/Neck line (yellow)
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
Follow me to Learn and Earn with me.
Happy Trading!!
