Hindustan Petroleum Company (HPCL) inventory is wanting very robust on the charts has surged over 13 per cent up to now this week. This has taken the share worth properly above the important thing resistance degree of ₹390. The area between ₹400 and ₹390 will now act as a powerful assist zone. Dips to this assist zone is more likely to discover contemporary patrons coming into the market and restrict the draw back.
Hindustan Petroleum (HPCL) Company share worth can rise to ₹480 over the subsequent three-four weeks. Merchants can go lengthy now. Accumulate on dips at ₹405. Preserve the stop-loss at ₹380. Path the stop-loss as much as ₹425 as quickly because the inventory strikes as much as ₹440. Transfer the stop-loss additional as much as ₹455 when the HPCL share worth touches ₹470. Exit the lengthy positions at ₹480.
(Word: The suggestions are based mostly on technical evaluation. There may be danger of loss in buying and selling.)
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