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Keep accumulating HPCL as it is in oversold zone and recovering, it will surely move up in coming weeks.
(Hoping there is no negative news for petroleum companies)
Weekly trendline support comes in the 240-245 zone. Look to accumulate closer to that range
HPCL held 8/1 ascending angle and is on the way to cross descending 2/1 angle by May end.
If the saffron line is maintained, target 350 by June 1st week.
We have seen good range from last few weeks and today finally we got the breakout,I do not trade on breakout I always wait for price to settle above the resistance zone then look for buy signal
Stock is near support area or in support belt below which there are multiple peaks.
this stock is sky rocketing.
buy with sl 450