price was consolidating in horizontal channel in daily, now there is a breakout with good volume,
in weekly hidden bullish divergence seen
sl - 360.5, 1st tgt - 421
Hello Traders,
We have spotted bearish Cypher pattern on Hindpetro 15 mins chart. RSI is already into overbought zone. Traders may enter short once price hits our entry level.
Trade Levels:
Entry: 541.90
Stop: 547
T1: 537.35
T2: 534.55
Good Luck!!!
PS: If you like our ideas/analysis, please like/share them and keep us motivated. If you have any...
It is been observed that some of the charts are forming a symmetrical triangle on the daily chart which can provide good returns in coming days.
On verge of Breakout:
1. Hindpetro
2. South Indian Bank
Successful Breakout:
1. Hexaware
2. SRF
Regards
Beautiful Inverse head and shoulder pattern gave neckline breakout and now testing it from above. It offers a good entry at this level for intraday trade
HINDPETRO to Go LONG - Results Coming Up.
I'm a little skeptical about this one due to the fact that the pattern is really not what I'm looking for. However, Since the Price is above 1210 and has been sustaining for a few days, I'll take the risk.
SL = 1158 **************************************************************************
