MACD Crossover is almost formed on the daily chart, stock is currently trading around its crucial support level (164).
The stock was up by 3.20% on 16 Oct. 2020.
With keeping the MACD crossover in mind, one can look forward to a swing trading opportunity in NSE:HINDPETRO .
SWING TRADE :
BUY IN 160-175 RANGE
STOPLOSS - 140
TARGET 1 - 200
TARGET 2 - 205
MY VERY FIRST ANALYSIS / CORRECT ME IF AM WRONG
PLEASE VALIDATE AND GIVE SOME SUGGESTIONS !
Previous support levels resistance level is broken along with a small rally. Since LTP : 27.75 Entry price : 28.00
Previous resistance level is found to be at 30.3 so Exit price is kept well below it as Exit price : 29.8
Stop loss below previous support level of...
Short on every rise
No SL as volatility continues
All targets will be hit. Mark my words
Sell on every rise. Book profit as per risk appetite.
Strictly positional view, No intraday
Below 10,000 panic will start now. Go with the flow and earn money. Don't short on Lows, Short on rise.