Himadri Speciality forming probable flag and pole pattern
Updated
Himadri Speciality is forming flag & pole Pattern in a daily chart frame.
If today's candle close above 88 range, then we can see a clear breakout and it should confirmed by next day candle.
After this breakout stock will test 93 range first, once it break 94 range, it has a potential to reach 112 range as per the pattern.
Ideal SL will be below 78.
Wait for supply zone breakout for the confirmation.
This is just a View, not recommendation to trade, do your own analysis before taking any trade.
HSCL
If today's candle close above 88 range, then we can see a clear breakout and it should confirmed by next day candle.
After this breakout stock will test 93 range first, once it break 94 range, it has a potential to reach 112 range as per the pattern.
Ideal SL will be below 78.
Wait for supply zone breakout for the confirmation.
This is just a View, not recommendation to trade, do your own analysis before taking any trade.
HSCL Trade active
On 2nd Aug we saw flag breakout, But candle was not good enough to confirm buyers Control. 89.50 was a high for 2nd Aug. after that there was a consolidation till 4th Aug.
Now previous Supply Zone(82-86 Price) acted as good support, which confirms buyer were still in control.
Today we saw a good momentum in the morning session, even stock made a high of 98 also.
But in the afternoon, upside movement was not that much strong ( Put 1hr chart for more clarity picture).
Our 1st target is achieved(93), For the further upside move stock has to close above 94-98 Range.
Now, 86-90 Level must act as support.
Volume Spike also we can See in today's candle.
Trade active
T2 also achieved.
Today Stock closed above the phycological price level 100(100.90) and made a high of 102.50.
After 3 years (End of July 2019), stock is successfully crossed 3 Digit Number.
In coming days stock has to close above 103 level, then pattern target (T3) can achieved.
91-93 range is immediate support zone now.
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