Hind Petro formed a downward channel and also broke through an inside trend line...If it manages to breach upside, >172.20 looks like a good entry point and I think the price can go up to 186.50. Let us wait and Watch.
Correct me if I am wrong
Note: This is for educational purposes only. Do your own Analysis before trading...
The stock has given a breakout from Inverted H&S and Cup and Handle pattern..The stock has moved from the range of high and lows of 15 Oct 2020 candle by breaking the high of that candle after 3 days...Have marked the targets in the chart...
My analysis... The high and lows of the candle formed on 15 Oct 2020 haven't been touched yet... So, I am expecting some move if it breaks the respective candle either side... The stock has been moving in a channel like pattern...
Broke the inner trend line with a huge candle, but struggling to cross the demand zone....One small push from bulls or bears might lead to a nice rally on either side..
This is my first publishing. SBI Has given a breakout from Channel Pattern in Hourly Chart and price is trading above VWAP . I believe 200.2-201.2 to act as a crucial resistance zone ...Price has closed above R3 in Pivot FIBONACCI and Above CPR ...
