HATSUN AGRO - Bullish Swing ReversalNSE: HATSUN is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
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Hatsunagro
Hatsun Agro - Technical chart analysis Hatsun is in the correction since Sep' 2021 and is at strong support zone currently. Even the 850 levels are broken this stock has another support at 725 levels. The current support levels will be tested for next month and if the stock cant hold it,725 levels can be a good buy(or for averaging for the 850 levels). If the levels break down the 600 levels can wait for the stock to go for more correction of 75% from ATH.
Buy levels - 850-865
Sell - 1130-1150
Averaging - 725-740
Stop loss - 600