headymuk

Symmetrical Triangle Breakout Possible

Long
NSE:HSCL   HIMADRI SPECIALITY
HSCL is forming Symmetrical Triangle Pattern which is given breakout with high volume . Above 54 to 54.5 closing, Stock can give good results. Note that this chart is posted by me only for educational purpose , feel free to share your feedback/queries.

Comments

Pattern is very nice, but promoters have decreased there holdings this quarter. This can have a negative impact in short term.
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headymuk NiBan64290
@NiBan64290, Thanks for ponting that out. But i don't pay much attention to fundamentals, Volume gives all fundamental info like block deals , promoters selling , promoters buying etc. I can't see any major red volume bar that means promoters decreased long time back. Anyway in such cases always protect your capital by placing appropriate stop loss. Regards.
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good analysis
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headymuk venkatesanrengasamy
@venkatesanrengasamy, Thank you !
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Good stock for swing trading, thanks for picking it up!
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headymuk R_J_91
@R_J_91, Thanks :D
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Precise analysis. Also, considering no buying in the last hour vis a vis first hour. Nice !
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headymuk enigmaviki
@enigmaviki, Thanks , and thanks for adding buying point , i didn't considered that to be honest. I just looked at the breakout and the volumes. Thanks for additional information.
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NiBan64290 enigmaviki
@enigmaviki, Can you please elaborate what it means? I am new to market. Thanks
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