BULLISH ON HATSUN(1-2 years). (based on technical factors)
There are many confluences that indicate the stock price may rise in heavy relative density of movement with respect to time. This move of the price will initially halt at 1600 and then may continue towards 2000 rupees.
Here we can see that the significant 35 EMA is contacted, from where the market takes support. The 35 EMA is considered significant for the monthly timeframe, which I will explain further on.
The apparent structure of the market has shifted to a higher low, which is 38.2 percent of the entire previous rally (Fib).
There is continuous support received from the market at 1000, which infers a refusal to move downwards. The bull movement will be more clear and visible after 1200 is confidently broken.
Here we can see that the significant 35 EMA is contacted, from where the market takes support. The 35 EMA is considered significant for the monthly timeframe, which I will explain further on.
The apparent structure of the market has shifted to a higher low, which is 38.2 percent of the entire previous rally (Fib).
There is continuous support received from the market at 1000, which infers a refusal to move downwards. The bull movement will be more clear and visible after 1200 is confidently broken.
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