"Are Bears Eyeing HINDPETRO ?" - Seems Like It
Hindustan 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.
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.
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