kchachan

kchachan

Hindpetro has been showing rally and has crossed the resistance level and above 200 ema. The stock is in overbought territory. There can be reversal signs after 1-2 sessions after the rally is halted and stock comes back to normal position.

kchachan

Current levels are converging with 200 EMA As seen from the previous bullish trend, it can bounce back or continue the trend reversal it has shown earlier. Next one session might tell the story