Trendline breakout on HINDPETRO.

The stock has broken above a trendline resistance supported by good volumes however the stock closed much lower due to overall sell-off in the market.

Watch for the price to trade above 236 and a long trade can be initiated. All other levels mentioned in the chart.

Always keep a tab on the broader market conditions while trading.
breakoutFibonaccilongsetuppriceactionpriceactiontradingSupport and ResistanceTrend Lines

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