Hindustan Construction Company Ltd.( 25% upside potential)
Sector: Construction - Infrastructure
WTF as we can see MTF & DTF structure bullish and price makes HH & HL pattern and now price in MONTHLY demand zone ( previous resistance) with RSI bullish divergence and bollinger band lower band support in DAILY TF.
LTF say 1H mitigation in DTF demand zone with RSI bullish divergence and bollinger band lower band support.
on DAILY TF RSI N BOLLINGER BAND also support the IDEA...
price may face resistance at 56-57.5 as DAILY supply zone as well as HTF supply zone....
on the other hand we PA moves against our anticipation, 42.5 level on DAILY closing basis act as stop loss...
so keep in mind and plan your trade accordingly...
Who's gonna trade with me for this trade IDEA let me know.....
Comment
price in consolidation after our entry.....
so wait patiently n keep adding on dips...
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