On Daily Chart of Hindustan Petroleum Corporation Ltd (HPCL) (NSE HINDPETRO) MACD bullish cross over happened with high volume. as shown in chart.
This signals possible reversal of short term bearishness and possible short term bullishnes.
HOW TO BUY : Under this setup buy trade is generally initiated with stoploss whenever MACD line crosses above signal line and both lines are in below centre Line i.e zero line.
HOW TO SELL: Once buy trade is taken, exit the trade whenever MACD Line crosses below Signal line and both lines are in positive zone i.e. above zero line or target is achieved
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