HINDPETRO

stock started moving from  level 400.61 it seen good upward journey with price rise up to level 434.64 in 10days period of time which has  proven as resistance or top level. The movement from LEVEL 400.61  TO434. 64 Level    .was 8.50% which can be your return on investment .

 selling pressure or supply become heavily as traders started booking profit as they got 8.50% return on thier investment , due to heavy selling pressure price fall down near Level 400.61

Now  you know past movement of this stock ,remember history repeat itself  we coming to the sector position this stock belong to oil and gas sector which shows in consolidation phase . There are possibilities that trend will remain continue. So Level 400.61is a good buy for this stock subject to your money managment setup.

Posted by Team 

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