HINDPETRO trade ideas
Hindpetro at support and resistance zoneHindpetro at support and resistance zone
one may long if sustaain or short if don't sustain.
HIND PETROHind Petro has formed cup and handle formation.
Please note every cup and handle formation may not be bullish.
Stock has huge resistance at 340 levels.
OI analysis suggests the same as well.
In stock manages to close over 340 levels with good volume a buy can be initiated.
Or else stock is a sell at 340 levels as well.
Same pattern is devloping in IOC as well, but IOC looks a more convincing buy.
Hind Petro can be held as a positional long for target of 329.10Continue with the long positions....
Hindustan Petro - Pullback entryBreakouts are overrated, Pullbacks are underrated. One can consistently make money in getting into pullbacks too. Hindustan Petroleum, got one such BUY signal today. The watchlist was sent to all the subscribers yesterday.
Strategy used: Pro-Pullbacks.
HINDPETRO facing strong resistanceHINDPETRO facing weekly/monthly resistance. If not breached, expect more decline.
Disclaimer: The indicators, strategies, columns, articles and all other features discussed here are for educational purposes only and should not be construed as investment and/or trading advice/tips.
#HINDPETROUnderstanding Shunting with the Strength candles and indecisive candles
The blue bars are the zone of resistance which must be crossed with strength
