HGS
HGS - Ichimoku Bullish Breakout Stock Name - Hinduja Global Solutions Limited
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 1428
#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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HGS Head and Shoulders Pattern BreakoutHi Traders / Investors ,
Probably there can be a bearish momentum in Hinduja Global Sol because of following reasons :-
1) Formation of Head and Shoulders Chart Pattern , which is mainly considered Bearish in nature.
2) It gave breakout below neckline of pattern and is retested.
3) It can fall maximum upto 32 % , as it also has a support at 2000 price level ,where prior resistance will act as a support.
4) The Head of the Pattern also has a gap of 32% from neckline , so we can also expect that it can fall upto 32 %.
This is not a trading advice ,Its just an analysis.
So don't take any decisions solely based on this.
Please give a thumbs up if liked this analysis , as it requires deep study.
DAILY SWING CALL // Wednesday 17th of March 2021 / HGSDAILY SWING CALL // Wednesday 17th of March 2021 / NSE:HGS
// This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade //
CMP / LTP: 1205
TARGET: + 1385 (15% Around)
STOP LOSS: 1085 (10% Max)
Standard Notes:
- Please follow the Stop Loss strictly and preferably on a daily closing basis.
- Recommended Profit Booking / Exit is on +12-15% & If you still want to hold the stock, trail the SL once this target is achieved.
- Duration: 15-20 Trading Days is suggested for all my trades and is an indicative period.
- If SL / Target are not triggered and you still wish to hold the trade, this can be done as long as SL is followed or trailed.
Disclosure: I may or may not have a position in this trade.
Disclaimer: All the recommendations are subject to market conditions. Please trade at your own risks.