HBL ENGINEERING LTD
Long

HBL Power Long

89
Cup and Handle formation breakout on weekly charts. Volumes not high, neither low, hence low chances of prices falling. I would suggest going long on CMP as a swing trade. (OPEN THE CHART FOR DETAILED VIEW OF THE ANALYSIS)

Target 1 : 50
Target 2 : 60
Target 3 : 70
Target 4 : 76

Stop Loss : 36.5 (TRAIL STOP LOSS)

Risk-Reward Ratio favorable

MACD bullish
RSI shows good momentum

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.