Looking at the chart in daily timeframe for Hemisphere Properties, we can clearly see there is a breakout from the channel pattern after almost a year of consolidation. The upper trend line of the channel has been broken with absolutely huge volume. We can see a small consolidation after the breakout which is a healthy sign for the stock to move upwards. If the...
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***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have...
Good time to accquire chart looks great
Has a good breakout with good volumes and stock close above 50EMA.
short term gain can be 10-15%
Company is fundamentally strong- 19000cr properties in major cities.
market cap-4000 cr
undervaluvated company.
has great potential for can 2x from if kept a long perspective of 1-2 years.
The stock price has broken out its previous swing high and also the falling trendline with higher volumes. This is a bullish sign.
Currently, the price is trading at the supply zone. Breaking this price could give us a rise to 150 or more. But book your profits at 150 and wait for the price action to re-enter again.
The two long scenarios and their stop loss...
Note:
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