Hindustan Petrol: Analysis
Keep an eye on Hindustan Petrol. Expected momentum is in upward direction.
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Reason to Buy:
1) Forming a triangle pattern
2) Taking support on weekly as well as daily trend line.
3) Formation of 'W-Pattern' (wait for neck line break)
.
Stop-loss must be below the previous immediate swing. RR ratio must be calculated and traded accordingly.
.
Reason to Buy:
1) Forming a triangle pattern
2) Taking support on weekly as well as daily trend line.
3) Formation of 'W-Pattern' (wait for neck line break)
.
Stop-loss must be below the previous immediate swing. RR ratio must be calculated and traded accordingly.
Trade attivo
Investing half quantity at 197.65 rest above 200.65Trade attivo
Moving as expectedNota
Market sentiment is negative. It is going against my analysis I am not going to trade this breakout.Trade attivo
Partial Quantity inn @ 200 levels.
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