Published on 3/06/2020 2:02:23 PM | Source: HDFC Securities Ltd

Momentum Pick - Buy HPCL Ltd For Target Rs. 212 - HDFC Securities

Posted in Broking Firm Views - Short Term Report| #Oil and Gas Sector #HDFC Securities #HPCL-Mittal Energy Ltd (HMEL) #Trading Report

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Momentum Pick - Buy HPCL Ltd For Target Rs. 212 -  HDFC Securities


* After showing a minor declines/sideways consolidation, the stock price has shifted into an upside bounce today.

* Currently, the price is making an attempt to show upside move above the key upper resistance.

* The short term trend has turned positive.

* We observe a formation of positive candlestick pattern as per intraday/daily timeframe chart.

* Volume has started to rise along with the upmove in the stock price.

* The daily/intraday RSI is showing positive indication.

Buy HPCL Ltd Up to 7 days CMP 199.80  Target 212  SL 189.75


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