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tradewidmufeeth
Aug 5, 2021 6:28 PM

HPCL Short Term Reversal Trade Long

HINDUSTAN PETROLNSE

Description

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.

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