Trade Idea #10, HINDPETRO | Buy
POSITIONAL TRADE!
Reasons to Trade:
1) TrendLine resistance
2) Good Volumes
3) Inverted Head & Shoulder Pattern
SCENARIO 1:
The stock might break the Long-term TrendLine as well as the Channel pattern with good volumes and fly.
SCENARIO 2:
The stock might come down and fill the gap, where the fib 61.8 matches, and then fly.
We will Check which scenario happens in the coming days
Reasons to Trade:
1) TrendLine resistance
2) Good Volumes
3) Inverted Head & Shoulder Pattern
SCENARIO 1:
The stock might break the Long-term TrendLine as well as the Channel pattern with good volumes and fly.
SCENARIO 2:
The stock might come down and fill the gap, where the fib 61.8 matches, and then fly.
We will Check which scenario happens in the coming days
تم فتح الصفقة
Scenario 1 Triggered. Let's stick into the trade and get some decent profits.
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