HGINFRA - Long Setup, Move is ON..NSE:HGINFRA
✅ #HGINFRA trading above Resistance of 1107
✅ Next Resistance is at 1265, 1538
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
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.
HGINFRA
HGInfra-DO NOT MISS!HG Infra is a techno-fundamental pick shared from infra sector.
Stock is available at a PE of around 10 and ROE, ROCE>25%.
Sales growth in 5 years is above 27% which is phenomenal
Technical Logic: -Stock is retesting previous breakout. Currently, small rejection is seen from demand zone. If a good candle closes above 890, stock can start upward journey with levels mentioned in chart.
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HGINFRA - Ichimoku Breakout📈 Stock Name - H.G. Infra Engineering Ltd
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 1815.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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HGINFRA Analysis & Prediction in DTFThis is the analysis of HGINFRA in Daily Time Frame. Watch carefully. The chart explains itself.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk management.
Book your profit according to your “STOMACH”.
Disclaimer:
This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About HGINFRA :
H.G. Infra Engineering Ltd. is a construction company, which engages in the execution of infrastructure sector projects including highways, roads, and bridges. It also carries out civil construction projects like extension and grading of runways, railways, and land development. Its project portfolio includes Yamuna Expressway, Chandrapur, Agra, Faizabaad, and Chittorgarh. The company was founded on January 21, 2003 and is headquartered in Jaipur, India.
HG INFRA: CUP AND HANDLESTRATEGY: BUY CMP i.e. 985-980 SL:905 TGT: 1130-1150
Theory:
The Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. It was developed by William O'Neil and introduced in his 1988 book, How to Make Money in Stocks.
As its name implies, there are two parts to the pattern: the cup and the handle. The cup forms after an advance and looks like a bowl or rounding bottom. As the cup is completed, a trading range develops on the right-hand side and the handle is formed. A subsequent breakout from the handle's trading range signals a continuation of the prior advance.
Trend: To qualify as a continuation pattern, a prior trend should exist. Ideally, the trend should be a few months old and not too mature. The more mature the trend, the less chance that the pattern marks a continuation or the less upside potential.
Cup: The cup should be “U” shaped and resemble a bowl or rounding bottom. A “V” shaped bottom would be considered too sharp of a reversal to qualify. The softer “U” shape ensures that the cup is a consolidation pattern with valid support at the bottom of the “U”. The perfect pattern would have equal highs on both sides of the cup, but this is not always the case.
Cup Depth: Ideally, the depth of the cup should retrace 1/3 or less of the previous advance. However, with volatile markets and over-reactions, the retracement could range from 1/3 to 1/2. In extreme situations, the maximum retracement could be 2/3, which conforms with Dow Theory.
Handle: After the high forms on the right side of the cup, there is a pullback that forms the handle. Sometimes this handle resembles a flag or pennant that slopes downward, other times it is just a short pullback. The handle represents the final consolidation/pullback before the big breakout and can retrace up to 1/3 of the cup's advance, but usually not more. The smaller the retracement, the more bullish the formation and significant the breakout. Sometimes it is prudent to wait for a break above the resistance line established by the highs of the cup.
Volume: There should be a substantial increase in volume on the breakout above the handle's resistance.
Target: The projected advance after breakout can be estimated by measuring the distance from the right peak of the cup to the bottom of the cup.
HG infra has given breakout and now retested the levels.HG infra has given neat and clean breakout on daily timeframe and now it has retested the levels also. Now this is going to fly towards all time high levels. So if anyone wants to go long can go with given levels on chart.
This could be a positional trade chances are high we can capture here more than 100 rs move.
Price and Action proper showing a bullish momentum in this ticker.
Disclaimer:- Always do your own research or consult with your financial advisor before taking any trades.
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Rahul Pal
HGINFRA - Long Setup, Move is ON..NSE:HGINFRA
✅ #HGINFRA trading above Resistance of 948
✅ Next Resistance is at 1107
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
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.
HGINFRA - Long Setup, Move is ON..NSE:HGINFRA
✅ #HGINFRA trading above Resistance of 822
✅ Next Resistance is at 948
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
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.
#HGInfra BO of very long consolidation#HGinfra moved in the range of 500-660 for 280 weeks and finally breaking above this channel.
Good order book and profit margin. Retested the BO level and again moving ahead.
One can expect to see 700/750/800 in coming weeks with SL of 650 on CLBS.
Such long consolidation BO works as very good support and can be accumulation zone whenever price comes to touch these levels.
HGINFRA - Ichimoku Bullish Breakout Stock Name - H.G. Infra Engineering Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 764
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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YR 2022 Idea #50: Long on HGINFRAThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
right time to invest in roads of INDIA OVERVIEW OF HG INFRA -
company works under infrastructure sector ; construct roads, bridges, highways, extension and grading of runways, railways and land development.
HGIEL has evolved into a leading Indian road infrastructure development company, with a project execution capabilities over 9 states.
company is successfully completing and overtaking new projects. even in covoid company was able to generate profit.
company's client list - 1.NHAI 2.MORTH 3.PWD RAJASTHAN 4. IRB 5.MRM 6.TATA 7.ADANI 8.JAIPUR DA 9.MES
if we look closely around ongoing and upcoming project details of company most of them are commissioned by NHAI (National Highway Authority of India ). and if look closely sector wise infrastructure sector is not that much focused in market for now. but g-summit 2023 is going to happen in INDIA . NHAI giving contracts to develop indian infrastructure for upcoming largest event in 2023. we can bet on HG infra for infrastructure theme.
COMPANY'S FUNDAMENTAL-
1.constant growth in revenue and profits no dent.
2.holdings are strong with no pledging.
3.company's expenditures are decreasing with increase in revenue and profitability which is good sign.
4.company's EPS is increasing year on year.
5.PBT,EBITDA ratio increasing
6. less than sector PE ratio ( sector pe -75.88 / company's pe ratio -16.33 )
7. ROE - 22.27%
8. high debt company's working model still dept to equity is 0.65
TECHNICAL ANALYSIS-
corrected almost 31% from its all time high.
creating a base after correction.
pullback below 580 price happened twice.
right time to invest some part of capital in this stock.
this study is for education purpose only.
Quick Bite: HG INFRA QUICK BITE (A Fortnightly Swing Trade Bite):
NSE:HGINFRA Targeting +13% move
With RR=1:2.
Note:
Always allocate not more than 5% of your trading capital for single trade. One can always get new opportunities rather than riding major capital over trading single idea.
The idea is to sustainably remain in the market game. Think in terms of 'Winning Trades' and 'Percentage Profit' because everyone has different sum to use as trading capital.
HGINFRA: DOW Theory UptrendNSE:HGINFRA
Current Market Price : 358.45
Accumulate Between 378.40 to 353.50
Target 1 : 400,
Target 2 : 500,
Target 3 : 600+
Stop Loss : 310
Time Frame : Within 90 Trading sessions roughly as per Technical Analysis Principles.
Logic behind this idea:
Higher Highs and Higher Lows formations as per DOW Theory, It is long term Bullish
Disclaimer
Risk is Yours and Reward is too yours totally. This idea is being posted here by me for educational purpose only.
Thank You.
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