HPCL : A forgotten stock

OMC stock have of late fallen from the grace and are almost a forgotten entities.
As a trader we should look for these opportunities. Crude oil price had a non stop rally for more than a week and have reached 18- month high and are trading at major resistance area . We do not see a further upside on crude oil price on a short term basis. Any fall in crude oil price will prove beneficial for OMCs.

HPCL is trading near a major support area.It can be bought with a stop at 290 for a pull back level of 325- 340.