HINDPETRO1!

29-11
Daily chart of HINDPETRO1!
LTP: 238.85

The long term trends (manual and 200 EMA) are bearish.
RSI is overbought and signals a bearish reversal.
Supports are at 241.50 (200 EMA) and 237.05 (manual)
Strong support zone is between 200 and 207 so it may not be broken.

I think we will witness a profit booking if the candles do not breach 241.50 with strength.

I have gone short with a very strict stoploss for targets of 220 and 210.