HEMIPROP is Building Up!

Jul 21, 2023

HEMIPROP is Building Up!

Hemisphere Prop India Ltd. is accumulating after a period of weakness. This is a good time to enter the stock for a positional trade or momentum investment. The stock is expected to move higher in the coming months, with targets of 125 and 140.

Here are the trade details:

• Stock: Hemisphere Prop India Ltd.
  
• Category: Small Cap
  
• Type: Positional Trade or Momentum Investment
  
• Duration: More than 60 days
  
• Entry Level: Between 100 and 105
  
• Stop Loss: Initial 96 (Trail accordingly)
  
• Target-1: 125
  
• Target-2: 140
  

Here are the chart details:

1. The stock has created a base (support zone) at the 100 level.
   
2. The stock is trading in an accumulating zone, which is a good sign for a long-term investment.
   
3. The Relative Strength (RS) and RSI indicators are positive and showing strength.
   
4. The stock is bouncing from the 200 DMA level and turning from a downtrend to an uptrend.
   
5. I'm bullish on Hemisphere Prop India Ltd. and believe that it has the potential to reach new highs in the coming months. If you're looking for a small-cap stock with growth potential, Hemisphere Prop India Ltd. is a good option to consider.
   

Here are some additional things to keep in mind:

• The stock is volatile, so be prepared for some price fluctuations.
  
• The earnings could be a catalyst for the stock to move higher.
  
• Keep an eye on the overall market conditions and adjust your position accordingly.
  

Aug 21, 2023

Note

Target 1 Hits. Nest target is 140.00