Hindustan Petroleum Corporation Limited. Stock is trading at the demand zone, After consolidation stock is now ready to go long, All entry, target, and stop-loss points are mentioned in the chart, act accordingly.
Target : 271
Time Frame < 2 months
Can hold the stock for longer time after part booking.
Inverted Head & Shoulder Pattern.
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Higher Highs & Higher Lows.
Broken above RESISTANCE...
There is a series of accumulation at the Resistance level so if there will be volume support, it might touch its targets within a single day. Multiple retests have been done at the Resistance level. If it doesn't touch a target within a single shot, then it can do some retracement after which it will touch its target. SL can be put in a 1:2 ratio.