invere head and shoulder in hindpetro ,
such an wow pattern ,
one should definetely touch this one stock
perfect aligned
perfect retested
but perfect is always doubtful
so with small stop loss bet on it
My Personal View on Hindpetro.
As we can see hindpetro forms a H&D pattern in daily time frame.
If it sustain on H&D trendline then it can go up to fill its previous gap.
We have seen inverse head & shoulder pattern on daily chart of Hind petro share. A very high probability setup to take long entry. Buying range between 278-283 SL to be place around 272 for the target price of 302-305. RSI above 60 forming +ve divergences. Good risk to reward trade. This is for your educational purpose only.
All important levels marked on the charts.
HINDUSTAN PETROLEUM making an Inverted head and shoulders pattern ON 1D chart. It has crossed the resistance of 280 which acted as barrier for it since last 3 months. Now it is looking for a bull run if sustain above 280. take entry above on successful retest of its breakout as drawn in the chart. stoploss will be below last swing ie 263-260 and target will be...
HINDPETRO has been forming an Inverted Head and Shoulder pattern for the last few weeks. If it closes above 280 levels, it might rally till 300-310 levels. So keep an eye on this for a breakout.
Cheers! This is as per my Analysis. Feel free to share your view about this. Please do your analysis before trading/Investing.
Happy Trading.
Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
