[Positional/swing] HPL Electrical Long Long

HPL ELECTRIC POWERNSE

Description

⋅ Mar 20, 2021 3:12 PM

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

⋅ Apr 11, 2021 7:07 AM

Trade closed: target reached

⋅ Jun 9, 2021 5:48 AM

High is 64
TSL is 42

Comments

InvestPro_India

⋅ Mar 27, 2021 9:02 AM

Looks good between 49-47 range.

nikhilgodhani

⋅ Mar 27, 2021 4:49 PM

@InvestPro_India 👍

addypaddytech

⋅ Apr 11, 2021 7:56 PM

Its on the same level again, do you recommend going long at CMP?

nikhilgodhani

⋅ Apr 12, 2021 8:07 AM

@addypaddytech, it is consolidating with low volume
Looks good if it will hold 38

tamizh_79

⋅ Mar 27, 2021 3:18 PM

how long will it take to reach the target price?

nikhilgodhani

⋅ Mar 27, 2021 4:51 PM

@tamizh_79
don't know sir
but if close below 200 sma then please exit

tamizh_79

⋅ Mar 28, 2021 3:46 AM

@nikhilgodhani ...thank you...good work 👍