Northbound Journey to begin in HPCL

18 ביוני 2020

On the daily chart stock gave a neckline breakout of Inverse Head and Shoulder pattern. Beside this directional oscillator ADX is trading positive and stock is trading above the parabolic SAR. Going forward we may see good momentum in the stock and stock can see and upside of 266-273 (upside of 19% to 23%)which is the Gap level as well as Inverse HS target. Downside level of 204(8%) will act as a strong support.