hindustan oil exploration

share name : hindustan oil exploration

call type : poistional

-I am posting this chart on monthly time frame because of I have to show support and resistance of this share. How beautifully everything is working

- After forming a high of 400 in 2009 share is in a good downtrend

- From 2012 and 2020 share is forming a range means it is in a consolidation phase 30-150 for a trend change

- Share is also a forming pole and flag pattern to with a good retracement of 0.58 on fiboo

- we can see targets of 285 in upcoming days

- we can accumulate at this current level with sl of 145

- approachable targets 225,250, 285++

thanks