HCC
Breakout in Hindustan Construction Company...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart. This is pure technical view.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Long HCC...high probability swing tradeHCC
NSE:HCC
Cmp - 10
Stop - Nil, Add more on relevant dips
Expectation -
T1 - 16
T2 - Open, Review at 16
Expected Holding Period - 2 months or earlier for T1
Technicals - ✅
Fundamentals - ✅
View:- Swing
Disclaimer:-
Ideas being shared only for educational purpose
Please do your own research or consult your financial advisor before investing
HCC might just try to Reverse and become a Bull!BSE:HCC can very well try to break the multi year down trend and reverse to become bullish in nature.
The price correction, the breakout level and trendline is all mentioned in the chart.
At any point if HCC goes above Rs11.50, the Bullish trend will start.
Looking at the huge volumes coming up previous few trading sessions, it appears to be true and a slight correction is due as to test the support levels before blasting off!!
HCC trading in a channelHi! I trade NSE stocks using Demand and Supply zone strategy, mostly in Weekly time frame.
Here's a trading plan for HCC
Weekly location: Equilibrium
Daily trend: Down (we can short or long depending on price)
Hourly zones: Demand & supply zones marked on chart
Trade duration (max): 1 week
Note: Target, Entry and SL on chart