LONG on HPL ELECTRIC POWER; Breakout from Descending Channel
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)
Comment:
Target 1 achieved on 19.06.2023 !!! 38% return !!!
Comment:
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.
Lower target of 162 was assigned but it was clearly indicated in my analysis that it will surpass it.