Since last few weeks, the stock has been consolidating near 530-575-mark which is its potential reversal zone of bullish special gartley followed by positive divergence on 14 period daily RSI. The price action is supported with positive crossover in the daily MACD indicator. Thus, traders can buy the stock near 560-570-mark with a stop loss of Rs 530 for an upside target of Rs 630 in 3-5 weeks.
BUY HINDPETRO | TARGET: Rs 317 | STOP LOSS: Rs 260
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