HINDPETRO | Time for some upside

By kautilya_k
Updated
  • Bearish cypher pattern - CD leg forming
  • Bullish divergence on the 4h to the daily chart.
  • Historical performance, although not a guaranteed factor of performance, shows similar divergence on the daily with a pull back of 30%. This time, however, the pullback might be below 20% as the pattern is of smaller magnitude.


Have fun, stay safe!
Trade closed: target reached
Bearish CypherBSEBullish DivergenceChart PatternsHarmonic PatternsHINDPETROhindpetrolonghindustanpetrolTechnical IndicatorsNIFTYnse
kautilya_k

Disclaimer