Hindustan Petroleum Corporation (HINDPETRO) supports the Trendline (Technical Analysis Mumbai Training.)

Today on 2^nd June 2014 our Technical Analysis  team has pulled a stock from Refineries Sector– Hindustan Petroleum Corporation (HINDPETRO). 

Here are some facts which we have gathered on Hindustan Petroleum Corporation (HINDPETRO):-

 1) Support the trendline from the 17^th April 2014 to 2^nd June 2014.

 2) Stochastic is upward direction in oversold Territory and %K crossing %D. Which 

            signifies higher possibility of stock moving up.

      3) Positive RSI: Here in the following image you can see that RSI is moving upward direction. 

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