BoxBO

#HindPetro has given a RectangleBreakout or BoxBO on weekly scale. Also its a DoubleBottom breakout. RSIStairs and ADX in bulls favor. Post breakout BO retest done. Stock looks good for medium to long term portfolio investment. Copy book target for the above patterns fall at 335. SL being wider one need to protect it through hedging.

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Disclaimer: All these stock ideas or trade updates shared here are for educational purpose only and completely non-advisory in nature. I am not a SEBI registered analyst and strongly recommend people not to trade in NSE / BSE / MCX market basis this ideas. Objective of posts is to educate and help members learn technical analysis and hedging techniques from my personal trade picks to reduce the risk per trade and save yourself from bigger losses.

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Stock is already up by more than 70 points. Hopefully 331 target will be seen soon.