rdkriplani

Hind Oil Exp - Consolidation breakout

Long
NSE:HINDOILEXP   HINDUSTAN OIL EXPL
Watch for the negative divergence here but the company is playing it smartly where they don't want to attract windfall taxes so producting accordingly.
The numbers should be good and strong.. (unless the monsoon causes some problems with the drilling)

Long above 220 with the first target of 230 with a SL below 202..
1:1 to start with but once it can break that level then the real gains start above the 230 breakout.

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