HindPetro Bullish above 240 moving on to 267 - 330 levels
Hind petro has been trying to break 235-240 since last Feb 20. Stock has been taking support around 208-210 levels and makes strong comeback.
With oil marketing companies riding on higher fuel prices especially diesel closing in on petrol with fuel demand and consumption steadily shooting up this stock can ride upto immediate target on 267-270 levels before moving towards 325-330 levels.
A weekly close above 240 levels can see good upside and strong buy in the stock.
ADX and +DMI along with -DMI indicates change of trend while MACD is creeping in +ve territory. Keep an eye petroleum companies especially oil marketing companies.
Happy trading!
With oil marketing companies riding on higher fuel prices especially diesel closing in on petrol with fuel demand and consumption steadily shooting up this stock can ride upto immediate target on 267-270 levels before moving towards 325-330 levels.
A weekly close above 240 levels can see good upside and strong buy in the stock.
ADX and +DMI along with -DMI indicates change of trend while MACD is creeping in +ve territory. Keep an eye petroleum companies especially oil marketing companies.
Happy trading!
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