Disclaimer: Views for Educational Purpose and not to be taken as any investment or trading advice.
Stock has corrected more than half and looks good to accumulate at current levels
Low PE in comparison to Industry
Trade Or Invest Wisely.
We Can Just Predict.
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Disclaimer: I Am Not A Sebi Registered Advisor, So Before Entering On My View Please Ask Your SEBI Registered Advisor. Profit Is Your And Loss Is Your.
This stock ( NSE:HERANBA ) is ready for some upward move. It is trying to take support at level of 827, with 800 acting as a stronger support. Target should be at least 900.
Target - 900(at least)
Strong support - 800
SL - 790
Heranba Industries Ltd had formed good base from IPO lows.
VCP / C&H pattern indicates good accumulation by institutional players, & weak hands moving out of stock.
Had earlier formed a low cheat entry near 740 levels.
Stock is near Pivot point levels of 823 levels. Good move expected on close ab 823 levels on weekly basis.
Stock can be a potential Multibagger...
buy above 825
can buy for swing and Intraday
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or...
Stock is comfortably staying at 715 support with a breakout of hourly trendline could initiate long for 2.21 Risk Reward.
Stop Loss below the support at 705
Today gave breakout with +5.79% forming a thick green candle.
Closed above one of the major short term resistance.
Volume not that good but ok. Above average.
Let's see how it move further.
This post is for education purpose only.
