The stock hit a fresh 52-week high of 108.85 on 6th Dec 2022, but failed to hold on to the momentum and falling about 17%.It bounced back after hitting a low of 80.35 in 27th Feb 2023 on the daily charts.A double-bottom pattern on the daily charts makes it an attractive buy.
It gave a breakout from wedge pattern on 10.03.23 rising 3.17%. It then corrected by...
Swing trade setup for Himadri chemicals, high rtr, moving averages also supporting and volumes are giving good confirmation. Trade at your own risk shared only for educational purposes.
Himadri Speciality is forming flag & pole Pattern in a daily chart frame.
If today's candle close above 88 range, then we can see a clear breakout and it should confirmed by next day candle.
After this breakout stock will test 93 range first, once it break 94 range, it has a potential to reach 112 range as per the pattern.
Ideal SL will be below 78.
Wait...
Scrip: Himadri Specialty Chemical Ltd (HSCL).
Setup: Weekly Breakout above 2 years range
Call: Buy
Entry: 60-67
Stoploss: This is a positional and investment call for a few months. Stoploss needs to be determined as per risk profile.
In case of a market crash, more positions can be added at lower levels in the range of 40-45.
Target 1 - 85
Target 2 -...
Counter has given breakout from 2 years consolidation. It has potential to become multibagger. SL 49 on daily closing basis. Buy at opening.
Disc : It's not an investment advise to buy or sell
Himadri Speciality Chemical is primarily engaged in the manufacturing of carbon materials and chemicals. It is the No.1 coal pitch manufacturer in India and is the only company to manufacture advanced carbon material in India. It is also the largest player of Naphthalene and SNF in India.
Manufacturing Capabilities
Capacity :-
Coal Tar Distillation - 5,00,000...
HSCL looks really good on every timeframe.
Operating above 20 EMA on monthly timeframe . . . operating in a range
expecting 2X-3X gains in 1 yr time frame
Target 1: 100
Target 2: 150
HSCL has been consolidating since the last 2 years in the range of Rs 40 to 63. It seems to have formed a Cup and Handle pattern which will break out above Rs 63.
The actual rally will start after breaking the rectangular channel resistance at 63 and will then reach to the above mentioned long term targets .
The technical indicators seem to have bottomed out...
HSCL is forming morning star pattern on the daily chart..
Ofcourse half the trading session is left and confirmation only will come after today's closing..
But keep an eye..can be easy 20% short term profit here
HSCL also has multibagger potential.. see my previous ideas in related links section
HFCL is generating a symmetrical triangle pattern and ready for the breakout.
Entry above 54
Note that this chart is posted by me only for educational purposes, feel free to share your feedback/queries.
