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Tuesday, 4 December 2007

Hindustan Oil Exploration Company

HOEC on charts has formed a cup and a handle and even given a breakout. So this move is almost done ? No not as yet. We can expect the breakout to be at least 38 points from the base line which results in 173 target at least. The time frame in which it should be met is too large but we see the result coming in a few days only. The closing rate on Monday 3rd has been 150 and still more to go. Momentum can take this to 180 or even 200 levels in a very short to short term.

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