Hindustan Petroleum- Symmetrical Triangle Breakout
Hindustan Petroleum is about to breakout from long Symmetrical Triangle.
Entry can be taken once it crosses 562-565 with Stop loss at 535.
Minimum target should be placed at 640 which is calculated by height of the triangle.
Entry can be taken once it crosses 562-565 with Stop loss at 535.
Minimum target should be placed at 640 which is calculated by height of the triangle.
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Price action never reached resistance and instead it broke support at 527 first.
Stock might head lower now for coming weeks, no point of going long.
Stock might head lower now for coming weeks, no point of going long.