HSCL is a process industry. By looking at the chart data, it has given a confirmed breakout. After a nice bullish move, it has been consolidating for the past two months. It now again has given the breakout of the descending triangle pattern, which is a continuation pattern.
HSCL might be making a nice, bullish move.
Price > EMA(13,50,200) seems...
#hscl #swingtrade #bullishstock #trendingstock
>> Trending stock taking support of 20 EMA & bouncing back
>> Risk Reward Higly Favourable in this trade
>> Good Strength & Decent Volumes which can rise in coming days
Swing Traders should focus on 10% profit & keep trailling
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Himadri Speciality Monthly Chart Give Strong Signal in Buy.
1. Last Fem Month Volume is High, this is show the Accumulation.
2. Rounding Bottom Formation in the Chart.
3. This Month Give Strong Candle.
Cmp - 51
Stop - Nil, Add more on relevant dips
T2 - Open, Review at 65
Expected Holding Period - 3 months or earlier for T1
Technicals - ✅, right
Fundamentals - ✅, will follow price
Ideas being shared only for educational purpose
Please do your own research or consult your financial...
HSCL has given beautiful breakout on triangular pattern. Looking at the quarterly numbers, it is on the right track on recovery. Can be good investment opportunity.
Disclaimer : This is not a recommendation for buy or sell, for study purpose only.