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HINDPETRO | Time for some upside

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HINDUSTAN PETROL (NSE:HINDPETRO)  
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NSE:HINDPETRO   HINDUSTAN PETROL
Harmonic Patterns Chart Patterns Technical Indicators HINDPETRO nse NIFTY BSE hindpetrolong hindustanpetrol Bullish Divergence Bearish Cypher
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harmonicpatterns chartpattern indicator hindpetro nse nifty bse hindpetrolong hindustanpetrol bullishdivergence bearishcypher
  • Bearish cypher pattern - CD leg forming
  • Bullish divergence on the 4h to the daily chart.
  • Historical performance, although not a guaranteed factor of performance, shows similar divergence on the daily with a pull back of 30%. This time, however, the pullback might be below 20% as the pattern is of smaller magnitude.

Have fun, stay safe!
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