HPL - Long Trade

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.
Trade active: SL upgraded to 51.


This stock has given a beautiful move.