Hindustan Petrol: Analysis

Mis à jour
Keep an eye on Hindustan Petrol. Expected momentum is in upward direction.
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Reason to Buy:
1) Forming a triangle pattern
2) Taking support on weekly as well as daily trend line.
3) Formation of 'W-Pattern' (wait for neck line break)
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Stop-loss must be below the previous immediate swing. RR ratio must be calculated and traded accordingly.
Transaction en cours
Investing half quantity at 197.65 rest above 200.65
Transaction en cours
Moving as expected
Note
Market sentiment is negative. It is going against my analysis I am not going to trade this breakout.
Transaction en cours
Partial Quantity inn @ 200 levels.
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