Crude crash triggers rebound signal in Hindustan Petroleum: Report

Crude crash triggers rebound signal in Hindustan Petroleum: Report

As per reports, Hindustan Petroleum Corporation Limited (HPCL) rose 3% Tuesday as crude prices tumbled below $70 amid Iran-Israel ceasefire hopes. Analyst Suryansh Singh Chandel noted bullish signals on daily and 15-min charts, including a 200 EMA breakout and positive ADX. The drop in oil could ease margin pressure, aiding a near-term bounce from key support zones.

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