HINDPETRO |Positional Long | Parallel Channel Break Out |weekly time frame Parallel Channel Breakout
buy above - 235
stoploss - 200
Target 1 - 289
Final Target - 322
HINDPETRO trade ideas
HINDPETRO: Watch out for 3.5yr Trendline Resistance. 📈Trendlines and levels are marked. There is a clear resistance since Aug'17. Go long, if closed above trendline with good bullish candle and volume spikes.
HINDPETRO, MUCH AWAITED INV HEAD & SHOULDER BREAKOUTAll levels mentioned on chart.
Thanks
Piyush Gupta
Learn & Earn
HINDPETRO | PositionalBPCL has been consolidating in a parallel channel for a long time now and may give a BO in the coming days. All key levels are marked in the chart.
HINDPETRO,near two year old trendline may give BOHello traders,
HINDPETRO is trading near 2 years old trendline and can give very good move above 235.
both for intraday and swing.
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Aniket.
Reversal Candle SeenHind Petro seen Reversal candle in daily chart ..........Indian market at Euphoria stage so all stocks rallied non stop daily ..........Usually while reversing trend first Oil marketing companies will reverse ....Raising crude price will affect the OMC's margin front and also high crude price will bring the real problem in Indian Economy ....
Hind Petro once goes below 220 then go For Short tgt 206 SL 230 closing basis .....Sell Only Below 220..
Indian market now at Bubble territory so option sellers becareful while selling Puts , Because while bubble burst time chance to open huge Gapdown like 800 or 1000 points .....Presently we don't know what could be trigger but trade with caution ....
hpcl - positional buybuy with stop below 222
positional view based
disclaimer - for study purpose only
hinpetro weekly hindpetro try to make hns in weekly chart
focus on this for long.
only for educational purpose.
BO#HindPetro after 3 years of downtrend showing some strength. Stock taken major support near 163 levels and forming a #DoubleBottom and #Rectangle or #Box pattern. Currently struggling near 50 WRMA. A weekly closing and breakout above 242 will open text book double bottom target of 323. Time to wait for breakout confirmation.
