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
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Price retested succesfully mentioned zones and now bouncing from there
