2024-08-27 11:45:02 am | Source: Religare Broking
Stock of the day : Hindustan Petroleum Corporation Ltd For Target Rs. 435 - Religare Broking
Hindustan Petroleum Corporation Ltd
* HINDPETRO witnessed a fresh breakout from the multi-month consolidation range with noticeable volumes.
* Thereafter, it has been holding strong above the neckline of the breakout zone offering a fresh buying opportunity with favorable risk-reward.
* The stock is also trading well above its short term moving averages suggesting momentum in place.
* Traders can consider fresh longs in the mentioned range.
Buy Hindustan Petroleum Corporation Ltd CMP 405.75 Range 402-406 SL 391 Target 435
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