Long if breakout is succesfull...Short on rejection of resistance....
Short for the levels shown....this is where the price should exhaust the long run today....and R2 is a strong resistance
HINDUSTAN PETROLEUM LONG 250-255 SL: 243 TARGETS: 270/282/303
HINDPETRO (Hindustan Petroleum Corporation Limited) SELL BELOW 285
Hemraj Prajapat Trade Plans: Sell Below 237.55 with the Stop Loss of 239.95
HEMRAJ PRAJAPAT Trade Plans: Sell Below 237.6 with the Stop Loss of 242.2
If hindpetro manages to closes above 260 than it is full fledged bull run!
Hindustan Petroleum (NSE: HINDPETRO) seems to gain Bearish Momentum for further downside as per TTC Breakout Formation . Right Now it is near a Critical Support Zone around 442 . If it breaks decisively below this zone (on 1-hour closing basis), we may see sellers gaining control over the buyers. For Short-term targets, Trader should eye on 430 Zone . Then ...