HindPetro
Cup and Handle Breakout cmp 245 sl 225 Trg 265 280
Also OPEN INTEREST suggesting ce Unwind at 250 with writing at 240
Fundamentally also some positives
- HPCL key beneficiary amongst OMCs as marketing share is double of refining
-Softening crude prices as at current prices, diesel marketing losses turn to gains (Loss of +Rs 13.5/ltr converts to Rs 3.5/Ltr gain)
#TradeAdda #HINDPETRO
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