justfor24101992

Can Hindustan Petrol reach a target of 203 from 171?

Long
NSE:HINDPETRO   HINDUSTAN PETROL
As per my analysis, Hindustan Petrol NSE:HINDPETRO is currently trading at demand zone . In history, the price has bounced of multiple times from this zone. This could lead to pushing the price upwards towards 203.
Please do let me know in case my understanding is incorrect.
Trade active: Target 1 reached. There might be some retracement before reaching Target 2
Trade closed: target reached: Target 2 reached, booked profits

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