HINDPETRO - Swing Trade Analysis - 11th April #stocks

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HINDPETRO (1W TF) - Swing Trade Analysis given on 11th April, 2024

Pattern: FALLING WEDGE BREAKOUT
- Trendline Resistance Breakout - Done ✓
- Volume buildup at Resistance - In Progress
- Demand Zone Retest & Consolidation - In Progress

#hindpetro #niftyenergy
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HINDPETRO Update (as on 2nd May, 2024)

✓ 14% Up in 10 Trading Sessions

- Stock gave a nice clear entry at the Demand Zone Marked out
- Today's candle confirms the strength and was with strong volumes

- Closed out my position at 534 with a decent return
- Will wait for a retracement for a re-entry trade later
- Needed the capital for another swing trade

* Disclaimer
Uwaga
HINDPETRO Update (as on 2nd May, 2024)

Possible Weekly Breakout in the making:

- We had exited this trade at 14% ROI in 14 Trading Sesions
- Now on a Weekly Time Frame the stock is at another breakout level
- If there's a small retracement to the 545 levels that would be super
- Looking to ensure a small SL for a better RR
- Targets would be the previous weekly swing high

* Disclaimer
Uwaga
HINDPETRO Update (as on 3rd June, 2024)

✓ 9% Up in 4 Trading Sessions

- Target Level achieved very quickly
- As mentioned in our previous update. re-entry was at 544
- Gave a nice clean entry and quick up move
- Closed out my position and holding capital

* Disclaimer
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