HATHWAY has broken out of a 1 Year Cup pattern. The resistance is lasting for over a year and it has tried to break it in previous 2 other cup patterns but failed. Breakout this time has good volumes and High RSI. Coming on a day of very weak market, it is outshining. But has to stay above this breakout level to sustain move.
Post covid sessions are testing the lower circuit which support hits, movement towards decline over the period of time. Presently on the move from August to January pathway and next August its good way long term upside. Greens are target line up, purple box is good buying spot before earnings date. As well as Yellows are previous testing catalogs.
GTPL HATHWAY as per daily chart analysis has strong resistance at 288 level and once the stock breaks above 292 level for a target of 303 level. The stock is in downtrend channel. This stock should take some more sessions for a Break Out.
1. Today we'll discuss another stock which is HATHWAY CABLE & DATACOM LTD
2. Today Date is 16-09-2021
3. Currently stock is trading at 24.50 which is shown in candle chart.
4. There is quick Technical Target 27.90 which is shown in image above, which is approximately 13.30% gain. Because stock is now trading in perfect range as per my analysis.
Live Challenging Stock Market Analysis Buy HATHWAY @ 27.00
Target @ 43.45
#stockmarket #hathway #sharemarket
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CMP - 28
Stop - 19 on DCB
T1 - 40
T2 - 75, Review at 40
Expected Holding Period - 60 trading days or earlier for T1
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