BREAKING HEAD AND SHOULDERHCC Long weekly timeframe (inverse h&s pattern formation) wait for confirmation
HCC trade ideas
#HCC # HINDUSTAN CONSTRUCTION CO.some thing going to happen as stock moving in uptrend & rsi also supporting with adx, can go freely up to 20 where revise & recheck again next tgt if cross & sustain above 21 weekly basis then can go up to 45+
Discl. invested at 45++ & took position today @ 12.70
HCC, after double bottom, taking up trend reversaltrend reversal and large green candle breaking weekly resistance, RSI divergence, MACD positive cross over, will be up bu 15-20% in the coming weeks as per to me
Short term performers: HCCTaking Swing trades is not recommended in the bearish/falling markets. It is always a good idea to go with the momentum. Focus on changing portfolio everyday by taking BTST trades which lowers yours risk and maximises your returns.
ALWAYS GO WITH THE MOMENTUM, NEVER TRY TO CATCH A FALLING KNIFE.
Buy Today Sell Tomorrow (BTST) trades are the best in my opinion in every market conditions
HCCTaking the support of Pivot Line(Black Horizontal Line). Recently tested 0.5 Retracement level. Seems like a BUY, detailed explanation will be given later.
Buy with a target of 11.65 and a stop loss of 10.2HCC is making higher highs. The trend has reversed after a long time. Buy with a target of 11.65 and a stop loss of 10.2
HCC this stock responding to trend line, and at this movement risk reward looks good.. do your own analysis
Long HCC...high probability swing tradeHCC
NSE:HCC
Cmp - 10
Stop - Nil, Add more on relevant dips
Expectation -
T1 - 16
T2 - Open, Review at 16
Expected Holding Period - 2 months or earlier for T1
Technicals - ✅
Fundamentals - ✅
View:- Swing
Disclaimer:-
Ideas being shared only for educational purpose
Please do your own research or consult your financial advisor before investing
Hindustan Construction | Trendline Support | 60%Levels Drawn on chart
- trendline support
-DMA support
HCC : Panny StockHCC is trading in consolidation since long time....now its showing some strength with volume. Good for upcoming years for 2-3x return.
For educational purpose only.
My swing picksParallel channel break out with strong weekly candle . If the price crosses 11.55, a rally can be expected again
HCC might just try to Reverse and become a Bull!BSE:HCC can very well try to break the multi year down trend and reverse to become bullish in nature.
The price correction, the breakout level and trendline is all mentioned in the chart.
At any point if HCC goes above Rs11.50, the Bullish trend will start.
Looking at the huge volumes coming up previous few trading sessions, it appears to be true and a slight correction is due as to test the support levels before blasting off!!
HCC - Mid Term To Long Term HoldingSCRIPT -HCC
Buy - Between - 8.5-11
SL - 7.1
Target - 14.5 16 17 19
Long HCCHCC
CMP - 10
Stop - 6 on DCB
Expectation -
T1 - 16
T2 - 40, Review at 16
Expected Holding Period - 40 trading days or earlier for T1
Ideas being shared only for educational purpose
HCC in beautiful trendHCC is respecting an upsloping trendline giving 10-30% returns after every touch.
Is it a turnaround story??Breakout with Marubozu.
Heavy Volume.
MACD Crossover
Is it a turnaround story??
HCC : Bullish Pennant : 32% Up side Potential HCC Entry 15.15 | Stop 13.95 | Target 20
8% Risk | 32% Reward
1: 4 RR
Continuation Pattern
Bullish Pennant
Price highs move slightly lower and price lows move slightly higher. Drawing a trend line connecting price highs and then another connecting price lows form two converging lines which are an identifying feature of the pennant.
IDENTIFICATION GUIDELINES
1. The Shape of The Bullish Pennants- Price bounded by two converging trendlines. Typically, in an uptrend the top of a bullish pennant is downsloping. This makes sense since, in an uptrend, profit taking will result in lower prices as traders sell stock.
2. Formation of The Bullish Pennants – Bullish pennants involve two distinct parts, a near vertical, high volume flagpole and the symmetrical triangle, low volume triangular consolidation comprised of four points and an upside breakout. The triangular consolidation during the formation of the pennant is very much like a symmetrical triangle and this implies that traders feel comfortable with the current price.
3. Duration of The Bullish Pennants – Pennants formation are short term, from a few days to 3 weeks. Formation longer than 3 weeks often fails.
4. Volume inside The Bullish Pennants – Volumes tends to be decreasing through the formation.
5. Pre-mature or False Breakout – Because volume is usually low throughout the formation, it takes very little activity to bring about an erratic and false movement in price, talking the price outside of trendlines.
6. Breakout – Price closing above the upper trendline confirms the breakout.
HOW TO TRADE THE BULLISH PENNANT
Trading Rules.
1. Entry – Buy the stock day after Prices closing above the upper trendline. If you miss, Wait for the pullback to the upper trendline and buy once price resumes in the breakout direction.
2. Price Target – The technical target is, measure the height of the flagpole, the start of the sharp straight up move, and add the hight of the pole to the upper trendline.
3. Taking Profit – For short-term traders, sell the stock when the price reaches near to the price target. For intermediate and long-term traders, hold the stock as per your risk & capital management applied before entering into a trade.
4. Stoploss – usually, price closing below the lower trendline is a stop-loss.
