HPCL's Weekly Chart: A Technical Perspective
If HPCL's price action aligns with the classic bearish butterfly pattern, it could suggest that the stock's upward momentum is weakening. This might lead to a price decline of approximately 100 rupees from the current level of 421. However, it's important to note that technical analysis is not foolproof, and other factors, such as fundamental analysis and market sentiment, can influence the stock's price.
I Am Not SEBI Registered Analyst. All Post and Levels Posting is only for educational and knowledge purpose. I Am not responsible for your any kind of loss or profit.
No Claim, All Rights Reserved.‼️
If HPCL's price action aligns with the classic bearish butterfly pattern, it could suggest that the stock's upward momentum is weakening. This might lead to a price decline of approximately 100 rupees from the current level of 421. However, it's important to note that technical analysis is not foolproof, and other factors, such as fundamental analysis and market sentiment, can influence the stock's price.
I Am Not SEBI Registered Analyst. All Post and Levels Posting is only for educational and knowledge purpose. I Am not responsible for your any kind of loss or profit.
No Claim, All Rights Reserved.‼️
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.