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Monday, December 9, 2013

Hindpetro


Hindpetro has given a clear breakout today.  This breakout can lead this stock to higher levels. A buying can be initiated on a dip. One can see higher levels, once it will clear the zone of 238 / 240. After clearing
that zone it can zoom up to 255 & then it might touch 262 / 264 in very short term. Of course we have to keep a Stop Loss of 225 on closing basis. This does not mean, it will be changing the trend but we might get a better price to enter again so we will not stay long once it closes below 225.



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