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tradewidmufeeth

HPCL Short Term Reversal Trade

Panjang
HINDUSTAN PETROL (NSE:HINDPETRO)  
tradewidmufeeth  
NSE:HINDPETRO   HINDUSTAN PETROL
Trend Analysis Chart Patterns hpcl indianstocks swingtrading breakout reversal
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trendanalysis chartpattern hpcl indianstocks swingtrading breakout reversal
The stock has broken out and looks to retest the previously upper trendline. Trade is supported by brokerage calls, 200 EMA, and Supports Nearby.
The stock is looking to reverse after reaching the current lower trendline.
Risk Reward Ratio - 2:1.
SL is placed below multiple major support zones, 200 EMA , and previously upper Trendline. Target is placed near the swing high and is based on fundamentals.

Penafian

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