BUY HPCL, CHENNAI PETRO, BPCL……….Don’t even think of going short now.

HPCL

Last close 290.15

Yes huge short positions exist in this counter … yes charts indicate that stock will explode very heavily on the upperside in coming days. Safe bet for short term investors. Buy on decline keeping stop loss of Rs.286 for an upper target of Rs.297, Cross over will take this to Rs.301.

CHENNAI PETRO

Last close 328

The MACD indicator has been moving up smoothly and is finding support on the channel. The RSI is also finding good support. Grab keeping stop loss of Rs.321 for an upper target of Rs.335. Soon stock will explode to Rs.342…!!!

BPCL

Last close 396.40

In our business you need two things … courage and talent…..If your have courage then just buy it…….!!!! A very strong, explosive and safe buy at current levels … Risk / Reward ratio … one of the best in favour of bulls …!!! Stock is ready to explode heavily on the upperside … buy keeping a strict stoploss of Rs.388 for an upper target of Rs.404 … crossover will take it to Rs.410 mark …!!!