Hindpetrobullish
Inverse Head and shoulderInverse head and shoulder broken today with strong momentum expecting big upside from here in this counter
Hindpetro Trend Line BreakoutHindpetro Closing Price - 236.55
Buy On Opening At Cmp
Strict SL - 202 (WCB)
Target - 320+++
HINDPETRO Long PositionWe could clearly see a triangle pattern breakout which happened at the beginning of FEB and we are now having the same level...Enter for a long trade for min 3 months and place SL below the traingle pattern.
HINDPETRO LongBreakout of a consolidation phase.
The breakout happened with good volumes.
Coming back for a retest.
Support from 200 Day Exponential Moving Average.
Good opportunity to enter a long position.
* Educational purpose only *
NSE:HINDPETRO
SWING TRADE IN HINDPETRO || BUY ZONEHi, don't forget to like in case you like the analysis.
Analysis basis :
1. On a daily time frame we have seen a good multizone breakout, hence buy bias.
2. We came down to 4H time frame to check for accumulation zone and confirm with a double pattern breakout.
Suggestion : Aggresive entry (25%) now + Safe entry (75%) after zone break
I have personally invested like this. So I will keep you posted on the same.
Regards,
Abhishek Singh
HPCL - Bullish BreakoutNote: This is for educational purpose only. Please do not trade F&O in this.
There seems to be a bullish breakout in play. The breakout is happening from last 52 week resistance. There seems to be a breakout is RSI as well. RSI at 69 indicates bullish momentum. Moreover, the breakout is happening post build up near resistance which is a sign of strength.
SL: 220₹
