The outlook for Hindustan Petroleum Company Ltd (HPCL) is bullish. The inventory surged 5.8 per cent on Thursday and has closed on a robust notice. This rise has taken the share worth nicely above the important thing intermediate resistance at ₹366. This stage of ₹366 will now act as a robust help.
Contemporary consumers are more likely to emerge at this stage and restrict the draw back. Hindustan Petroleum Company Ltd (HPCL) share worth can rise to ₹395 within the subsequent couple of weeks and even sooner than that. Merchants can go lengthy now at ₹374. Accumulate on dips at ₹368. Hold the stop-loss at ₹359 initially. Path the stop-loss as much as ₹378 as quickly because the inventory strikes as much as ₹385. Transfer the stop-loss additional as much as ₹388 when the value touches ₹391. Exit the lengthy positions at ₹395.
(Be aware: The suggestions are primarily based on technical evaluation. There may be danger of loss in buying and selling.)
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