Target Price: Rs 600
Stop Loss: Rs 526
Stop Loss: Rs 526
On a weekly time frame, Hindustan Petroleum Corporation Ltd has given a breakout of the Pennant Pattern on the upside forming a continuation pattern. On the EMA front, the prices are trading above important EMA’s (14,21,50) price trading above all the three EMA which indicates bullishness in the security.
(Kunal Kamble, Sr. Technical Research Analyst, Bonanza Portfolio)