The chart Explains that it is bullish is it crosses 219 level and buy entry activates..
the trade management can done like one can start selling 263/293/311/332/382 and 445 level
SL will be 202.
If the Script comes down then sell below 202 with a SL 219 and target of 131
Also note this an undervalued script and high chance to perform from this point.
An Ascending triangle is a clear cut indication of consolidation followed by a breakout. A BIG BREAKOUT...........
BUY ABOVE : 189
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...
BIG 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...
Note: This is for educational purpose only.
There seems to be a bullish engulfing pattern on support with good volume. RSI is 51 which is still in neutral zone.
HindPetro has given a perfect bounce from its support and is now poised to cover higher grounds.
On Balance Volume is steadily rising indicating investors increasing confidence
Can go Positionally Long with the first target of 208
I will go LONG on HINDPETRO because:
The price is forming a Chanel or Rectangle Pattern .
The price is also under Support/Resistance zone.
It has touched the support (lower end of rectangle ) and may reach the resistance zone (upper end of rectangle ) .
Target would be the Resistance area . Book profit when it reaches the resistance zone .
Entry - 175
Target -...
Hind petro has been bleeding since months. In previous day session it closed at 171 which is its a good support. If you zoom out its chart on weekly time frame
you will find this zone is very crucial for Hind petro (171-164). So, swing short should be avoided and anybody having postiion on short side they must book their profit.
If a bounce came from here and...
Keep an eye on Hindustan Petrol. Expected momentum is in upward direction.
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Reason to Buy:
1) Forming a triangle pattern
2) Taking support on weekly as well as daily trend line.
3) Formation of 'W-Pattern' (wait for neck line break)
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Stop-loss must be below the previous immediate swing. RR ratio must be calculated and traded accordingly.
