SWING TRADE (20% Upside expected) - HPCL LTD.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
TARGET 3 (FOR LONG TERM, 6-12 MONTHS+) : 240
DISCLAIMER : INVESTING & TRADING IN STOCKS OR OTHER INSTRUMENTS ARE SUBJECT TO MARKET RISKS. THE TRADE PLAN DISCUSSED IN THIS IDEA SHALL BE CARRIED OUT BY THE VIEWER AT THEIR OWN RISK. KINDLY SEEK ADVICE FROM YOUR FINANCIAL ADVISOR BEFORE INVESTING OR TRADING.
