 "Oil, Brent Crude, Oil Prices, Oil Companies")
Hindustan Petroleum Corporation Ltd (HINDPETRO)
Likely target: Rs 350
Upside potential: 8%
The shares of Hindustan Petroleum Corporation held the support of the 200-day moving average (DMA) near Rs 270 and succeeded to reverse with robust sentiment. This momentum conquered the Rs 309 levels, which is its 50-DMA and now shows a further upside towards Rs 350 levels, according to the daily chart. The Bollinger Band has broken out of the squeeze, reflecting that the volatility is in support of the bullish bias. CLICK HERE FOR THE CHART
Oil & Natural Gas
Likely target: Rs 350
Upside potential: 8%
The shares of Hindustan Petroleum Corporation held the support of the 200-day moving average (DMA) near Rs 270 and succeeded to reverse with robust sentiment. This momentum conquered the Rs 309 levels, which is its 50-DMA and now shows a further upside towards Rs 350 levels, according to the daily chart. The Bollinger Band has broken out of the squeeze, reflecting that the volatility is in support of the bullish bias. CLICK HERE FOR THE CHART
Oil & Natural Gas
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