Hindustan Petroleum Corporation displayed strong bullish momentum, closing above its 50-day SMA at Rs 398.22. A breakout from the recent consolidation phase, coupled with an RSI at 60, suggests further upside potential. Resistance is near Rs 421, with a decisive move above this level opening additional gains. Support is seen at Rs 398-400. Strategy: Buy Target: Rs 445 Stop-Loss: Rs 392
Hindustan Petroleum Corporation displayed strong bullish momentum, closing above its 50-day SMA at Rs 398.22. A breakout from the recent consolidation phase, coupled with an RSI at 60, suggests further upside potential. Resistance is near Rs 421, with a decisive move above this level opening additional gains. Support is seen at Rs 398-400. Strategy: Buy Target: Rs 445 Stop-Loss: Rs 392
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