HPL - Long Trade
Updated
HPL electric and power limited has shown an inverse head and shoulders pattern in weekly chart.
The weekly ichimoku setup is also very bullish.
Being small cap, we will enter a very small position (<3% of portfolio size).
Targets - minimum 20%, then trail for every 10%.
Stop Loss - 43 or 35 (if you are very aggressive).
Disclaimer: All investments and trading in the stock market involve risk. Any decisions to place trades in the financial markets, including trading in stock or options or other financial instruments is a personal decision that should only be made after thorough research, including a personal risk and financial assessment and the engagement of professional assistance to the extent you believe necessary. The trading strategies or related information mentioned in this article is for informational / educational purposes only. This material does not prescribe any trading advise.
The weekly ichimoku setup is also very bullish.
Being small cap, we will enter a very small position (<3% of portfolio size).
Targets - minimum 20%, then trail for every 10%.
Stop Loss - 43 or 35 (if you are very aggressive).
Disclaimer: All investments and trading in the stock market involve risk. Any decisions to place trades in the financial markets, including trading in stock or options or other financial instruments is a personal decision that should only be made after thorough research, including a personal risk and financial assessment and the engagement of professional assistance to the extent you believe necessary. The trading strategies or related information mentioned in this article is for informational / educational purposes only. This material does not prescribe any trading advise.
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SL upgraded to 51.
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