HINDUSTAN PETROLEUM CORPORATION LTD - Keep an Eye + Cup & Handle

📊 Script: HINDPETRO (HINDUSTAN PETROLEUM CORPORATION LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500 , NIFTY MIDCAP
📊 Sector: Energy Oil Gas & Consumable Fuels
📊 Industry: Petroleum Products Refineries & Marketing

Time Frame - Daily
istantanea

Script is forming Cup & Handle Pattern as shown in a chart.

Key highlights: 💡⚡

📈 Script is trading at upper band of Bollinger Bands (BB).
📈 MACD giving crossover.
📈 Double Moving Averages also giving crossover.
📈 Volume is increasing along with price.
📈 Keep an eye on Script, it may give breakout of Cup & Handle Pattern.
📈 Current RSI is around 63.
📈 One can go for Swing Trade ONLY ABOVE 254.

BUY ONLY ABOVE 254

⏱️ C.M.P 📑💰- 249.95

⚠️ Important: Always maintain your Risk & Reward Ratio.

⚠️ Purely technical based pick.

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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.

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Happy learning with trading. Cheers!🥂
Chart PatternscupandhandlepatternhindpertroTechnical IndicatorskeepaneyeMIDCAPTrend Analysis

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