Hindustan Petroleum is good for short till 185. watch out for 200 support level. if its broken then 185 is imminent
its moving under ascending triangle can breakout.
HPCL trading above its breakout also it is sustained above its 50,100,200 DMA. looking positive
Long if breakout is succesfull...Short on rejection of resistance....
Short for the levels shown....this is where the price should exhaust the long run today....and R2 is a strong resistance
HINDUSTAN PETROLEUM LONG 250-255 SL: 243 TARGETS: 270/282/303
HINDPETRO (Hindustan Petroleum Corporation Limited) SELL BELOW 285
Hemraj Prajapat Trade Plans: Sell Below 237.55 with the Stop Loss of 239.95
HEMRAJ PRAJAPAT Trade Plans: Sell Below 237.6 with the Stop Loss of 242.2
If hindpetro manages to closes above 260 than it is full fledged bull run!
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 ...