Chart Idea – HIND PETRO
Technical Analysis: – The stock has given a resistance breakout and formed a giant bullish candle on the weekly chart and supertrend (3 & 4) lines are also lying which is also providing a bullish signal and the RSI oscillator indicates strong strengthen in it. The stock has its support at 195 and resistance at 270–327 levels. If price break and sustain above 270 will take it to 327+++levels.
Based on the weekly chart and study traders, investors can go for buy around 245–240 for the upside target of 270—327 with stop loss below 195 on closing basis.
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