LKP Spade : A Weekly Pick - Buy Hindustan Petroleum Corporation Ltd For Target Rs. 242/253 By LKP Securities
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* The stock has taken support near its previous swing low of 225 which will act as a cushion for the bulls.
* The momentum indicators are showing signs of reversal on the lower time frame from the oversold territory.
* The recovery is likely to take the stock higher towards the level of 242 and a sustained move above that will lead to a further move towards 255
Buy Hindustan Petroleum Corporation Ltd @ Rs.231-228 Stop Loss;218 CB Target Rs. 242/253 Duration 1 Week
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