HINDPETRO IS IN DOWNTREND AS POSTED IN LAST ANALYSIS,TILL THE RED LINE IS NOT CROSSED AVOID LONG,HAVE A CAUTIOUS APPROCH, MONITER CRUDE PRICES.
An 10% - 15% can be get. TP-6600,more upside. SL-5700
GO LONG ON 924 AT CLOSING BASIS,TILL THEN AVOID LONG.
EXIDE FORMS A PEANUT STRUCTURE ON HOURLY CHART.
WAIT FOR BREAKOUT FOR TRADE,IN BREAKOUT DIRECTION.
SEE CHART FOR CLARIFICATION,GO ON LOWER TIME FRAME FOR AN ENTRY CHANCE.
FORWARD PRICE DIRECTION WOULD DECIDE BY BREAKOUT.
HAVE IT IN WATCHLIST,IT CAN REVERSE OR GIVE AN BREAKOUT
trading in range of 715-745.
IT HAD FORMED AN BEARISH DIVERGENCE. THIS MONTH EXPIRY SHOULD BELOW 1450.
IT HAVE MADE THE PATTERN,THE TRENDLINE NOW SHOULD ACT AS RESISTANCE.
ONE MORE IN SERIES OF BUMP & RUN REVERSAL PATTERN.