Stock of the week. HPCL (1/10/21)

HPCL is about to give an inverted head and shoulder breakout on weekly charts. The stock has taken multiple resistance at yellow line and its about to give breakout. This is a trend reversal pattern and one can consider the stock has completed its consolidation and ready for up trend. Next targets are 400 and 500 on weekly basis. Since the stock has not given a breakout buy 50% at CMP and rest 25% & 25% in each dip. If the stock, however, trades above 310, buy remaining 50%.

Target - 400 and 500 Weekly basis.
View - Medium term.
Time - 6 months.

Kommentera:

346. 15% gain!