HINDPETRO - Swing Trade Analysis - 11th April #stocks

HINDPETRO (1W TF) - Swing Trade Analysis given on 11th April, 2024

Pattern: FALLING WEDGE BREAKOUT
- Trendline Resistance Breakout - Done ✓
- Volume buildup at Resistance - In Progress
- Demand Zone Retest & Consolidation - In Progress

#hindpetro #niftyenergy

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HINDPETRO Update (as on 2nd May, 2024)

✓ 14% Up in 10 Trading Sessions

- Stock gave a nice clear entry at the Demand Zone Marked out
- Today's candle confirms the strength and was with strong volumes

- Closed out my position at 534 with a decent return
- Will wait for a retracement for a re-entry trade later
- Needed the capital for another swing trade

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