HBL POWER INTERESTING ABCD WEEKLY
HBL Power Systems Ltd. is an interesting Stock with following
FUNDAMENTALS :
Company has reduced debt.
Company is almost debt free.
Company is expected to give good quarter
Company has delivered good profit growth of 66.1% CAGR over last 5 years
Company's working capital requirements have reduced from 115 days to 82.8 days
TECHNICALS:
RSI on all time frames above 60
Narrowing Bollinger Bands on weekly chart
Cluster of Averages support at 498-502 levels with 20 day SMA at 501; 20 week SMA at 498 and 50 day SMA at 502 levels
ABCD Pattern under formation on weekly chart
Price walking on upper Bollinger bands on daily and weekly charts
Can be a good risk reward with buy on dips and dips only keeping stop loss below 490 levels
Lets see How it evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
FUNDAMENTALS :
Company has reduced debt.
Company is almost debt free.
Company is expected to give good quarter
Company has delivered good profit growth of 66.1% CAGR over last 5 years
Company's working capital requirements have reduced from 115 days to 82.8 days
TECHNICALS:
RSI on all time frames above 60
Narrowing Bollinger Bands on weekly chart
Cluster of Averages support at 498-502 levels with 20 day SMA at 501; 20 week SMA at 498 and 50 day SMA at 502 levels
ABCD Pattern under formation on weekly chart
Price walking on upper Bollinger bands on daily and weekly charts
Can be a good risk reward with buy on dips and dips only keeping stop loss below 490 levels
Lets see How it evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
Disclaimer
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