hind petro its been long time since its falling if it break 330 we can expect a storng up trend NSE:HINDPETRO
HINDPETRO trade ideas
"Are Bears Eyeing HINDPETRO ?" - Seems Like ItHindustan Petroleum (NSE: HINDPETRO) seems to gain Bearish Momentum for further downside as per TTC Breakout Formation . Right Now it is near a Critical Support Zone around 442 . If it breaks decisively below this zone (on 1-hour closing basis), we may see sellers gaining control over the buyers.
For Short-term targets, Trader should eye on 430 Zone . Then 406 is the next support. For Swing Traders, 383 Zone is Very Critical. Below which we can see a good amount of selling.
Hindustan Petroleum Corporation Limited is an Indian state-owned oil and natural gas company with its headquarters at Mumbai, Maharashtra. It has about 25% market-share in India among public-sector companies and a strong marketing infrastructure.
HPCL - 4 hours - 485 on the way HPCL will come down to 485 from current 510 in 2 weeks time !!
Dissimilarity method is followed here
HindPetro-CD Leg Bullish Gartley-tgt395/sl435/cmp430HindPetro-CD Leg Bullish Gartley-tgt390/sl435/cmp430
HPCL- Bang On..for the fall below 1190 to 1160.(Started Puking)HPCL--Pukes....Hurry Man..Below 1190....1160..Running.....Vow.
Regards, Abhishek H.Singh, CMT
