share name : hindustan oil exploration
call type : poistional
-I am posting this chart on monthly time frame because of I have to show support and resistance of this share. How beautifully everything is working
- After forming a high of 400 in 2009 share is in a good downtrend
- From 2012 and 2020 share is forming a range means it is in a consolidation phase 30-150 for a trend change
- Share is also a forming pole and flag pattern to with a good retracement of 0.58 on fiboo
- we can see targets of 285 in upcoming days
- we can accumulate at this current level with sl of 145
- approachable targets 225,250, 285++
thanks
call type : poistional
-I am posting this chart on monthly time frame because of I have to show support and resistance of this share. How beautifully everything is working
- After forming a high of 400 in 2009 share is in a good downtrend
- From 2012 and 2020 share is forming a range means it is in a consolidation phase 30-150 for a trend change
- Share is also a forming pole and flag pattern to with a good retracement of 0.58 on fiboo
- we can see targets of 285 in upcoming days
- we can accumulate at this current level with sl of 145
- approachable targets 225,250, 285++
thanks