LONG on HPL ELECTRIC POWER; Breakout from Descending Channel
Updated
HPL corrected approximately 91% from its IPO price of 198 to reach 18.35 on 13th March 2020. It then took support at lower trendline of descending channel and has risen by 385% in last 3 years.
The scrip has been falling in a descending channel ever since its Listing. It broke out of that channel on 30th Sep 2022.
Entry: Only above 92
Stop Loss: 85.50(daily closing basis)
The scrip has been falling in a descending channel ever since its Listing. It broke out of that channel on 30th Sep 2022.
Entry: Only above 92
Stop Loss: 85.50(daily closing basis)
Note
Target 1 achieved on 19.06.2023 !!! 38% return !!!Note
Target 2 achieved today!!! Whooping 90% return in 71 days..Lower target of 162 was assigned but it was clearly indicated in my analysis that it will surpass it.
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