Hi mates, Sharing weekly chart of HP as we can observe that after making a recent lows of 25 levels price started moving up and continue trading in rising channel and now on the last session of previous week it broke a horizontal resistance (inside the channel) which earlier was a good support so i am expecting after this breakout price will retest it's breakout zone and will get a bounce from there so it will be a buy opportunity there after getting a bounce and after this execution price will probably continue marching up again in channel with following the current trend of higher highs and higher lows for targets i identified some resistances on this provided chart.
KINDLY NOTE-: This is not and trade or investment advice. This publication is meant for only learning purpose.
Regards- Amit
KINDLY NOTE-: This is not and trade or investment advice. This publication is meant for only learning purpose.
Regards- Amit
Trade active
Price retested succesfully mentioned zones and now bouncing from there
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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.