HAWKINS COOKERS LTD - Long strong on chart with SL 6280 Target-1 7000 Target 7500
The stock to watch for next week , trading at ATH supported by decent volume.
Buying Range1 - 170 WMA High Buying Range2 - 170 WMA Low
pattern target of 15% looks good to achieve breakout and price retested it
As hawkins cooker break all time high level this week we can expect stock to give another 15 to 50 % return in short to mid term, for short term trader entry/hold with a stoploss of S1-6080,S2-5790,Target of T1-7000,T2-7500,T3-9000.For long term investor if price fall to 5800-6100 level then best level to entry otherwise enter with small quantity @ CMP
Hawkins ATH broken and can go long above day high
Hawkins Cookers moving in a cup and handle form. RS near 0 offering good R:R. RSI is close to 60. All bullish signs. Any close above 6150 would move this to 8500 levels.
SWING TRADER LONG ABOVE 6200 ,LONG TRM TRADER BUY ON DIPS
Hawkins Cookers looks good above 6202
can start accumulating between 5625-5525 expected target to be 6300-6400
Hawkins is near its support zone of 5450-5500. It may bounce back and go upto previous swing high of 6200.
- Weekly chart - Medium - Long term investment candidate - Breakout- Retest - Trendline support - Industry Tailwinds
Stock has built a base around 4900 to 5100. Breakout already done. Testing of breakout also complete Good volumes for last 5 days. Fibonacci extension shows 6400 level in short term. Not a trade recommendation!
Ascending Triangle breakout here on weekly charts can look for easy 10% and more
Playing at all time high...good company with solid books...good consolidation going on...long term view
Good Cup and Handle set up on weekly chart. wait for high vol breakout for buying.
1. Stock is on the verge of break out of 52 week and ATH 2. Highest volume in the monthly chart