HPCL Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock moving up from fibonacci fan line support, further strength expecting once HPCL closes above 475. (Updated on 02nd September 2014, Tuesday).

HPCL

• As per previous report published on HPCL, stock closed above it previous top @ 465, and made a high @ 475 and stock fell down after that , made a false breakout. (Click here to see previous report published on HPCL).
• Now daily chart indicates that stock is moving in a up channel formation, this indicates that as long as stock moving in a up channel formation it will be favored by bulls, but once HPCL comes out from its channel formation then sharp weakness can be seen.
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• As per graph no2. stock earlier closed above its previous top and made a bullish breakout, but after that stock fell down and made a false bullish signal, stock again trying to test its recent high @ 475, close watch if HPCL closes and stays above 475 then stock will be bulls hand for next few trading days.
• Intraday share trading tips - close watch when HPCL starts trading above 475, if holds above 475 during market hours then intraday bulls action is expecting.
• As per graph no3, stock is also moving up from fibonacci fan first line support, so as long as it holds above it indicates bullish signals , but if stock breaks its current support @ 437 then will indicates weakness and stock can test it next support.
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• As per graph no4, if HPCL moves up from current levels and closes & holds above its recent high @ 475 then will next strong resistance around 517 its 161.8% fibonacci retracement. Close Watch.
• Click here to see all the free trading reports (tips) published by us on HPCL.
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