Finally there is some good pattern developing in Hindustan Oil Exploration. After running almost without correction to 380 the stock entered an intermediate period of correction. The stock took a support at 247 levels which was 50% retracement level. The stock has broken out of the downward trendline. Volumes have improved. Now the stock is heading towards 380 again. Target -380. Stoploss - 275.
Another Ascending triangle formation has been completed in Suven Lifescience. Buy with a target of 40 and stoploss of 28. CMP-32.
No comments:
Post a Comment