nikhilgodhani

[Positional/swing] HPL Electrical Long

Long
NSE:HPL   HPL ELECTRIC POWER
BO with recorded high volumes now at retest

Buy at CMP (good buy zone is 50-45)
weak below 38(Small cap so please maintain SL below 38 on closing basis)
target of 64-74-90

Resistance acts as Support near 49-47 Also Fibonacci retracement zone (61.8%) near 48
Increasing volumes during uptrend
volume dry up during consolidation
Trade active

Comments

Looks good between 49-47 range.
+1 Reply
Its on the same level again, do you recommend going long at CMP?
Reply
nikhilgodhani addypaddytech
@addypaddytech, it is consolidating with low volume
Looks good if it will hold 38
Reply
how long will it take to reach the target price?
Reply
@tamizh_79
don't know sir
but if close below 200 sma then please exit
Reply
@nikhilgodhani ...thank you...good work 👍
+1 Reply
nice working👌👌👌👌
Reply
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