HSCL Bullish Breakout analysis 13 Nov

HSCL is a process industry. By looking at the chart data, it has given a confirmed breakout. After a nice bullish move, it has been consolidating for the past two months. It now again has given the breakout of the descending triangle pattern, which is a continuation pattern.
HSCL might be making a nice, bullish move.

  1. Price > EMA(13,50,200) seems continuation of the trend..
  2. RSI > 50 crossing 60, means bullish trend.
  3. Price > Vwap (just Near the VWAP to upside)
  4. Descending triangle pattern BREAKOUT to upside
  5. Volume is more than average(20) that shows heavy bulls intrest in buying side.

Highly Bullish
R:R :: 1:3

Plan of Action:
Buy: 259
Stoploss: 245
Target: 295


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