Is it a turnaround story??Breakout with Marubozu.
Heavy Volume.
MACD Crossover
Is it a turnaround story??
HCC trade ideas
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.
long...wait for the bullish engulfing candlemarket already above 20MA and 50MA wait market to make bullish engulfing candle then go long...
Hindustan Construction Company LimitedHindustan Construction Company Limited stock on major support can enter at current price for period of one year
Hindustan Construction Hindustan construction trendline breakout from downside.Created Engulfing bullish candle which is positive for longs
HCC: SELL @ 30.35 Stop-Loss of 31.25 Tgt1@29 Tgt2@25.8HCC has broken with greater volumes on NSE below Ichimoku Cloud and with bearish indicators setup.
SELL HCC at 30.35 with Stop-loss of 31.25 and Target1@29 and Target2 @ 25.80
HCC Descending Triangle BreakdownPls check chart for details.
NB: For educational purpose only. Kindly consult your financial adviser before taking any trading decisions.
HCC - Flag FormationNSE:HCC has formed flag pattern and one can go long above 46.10 upon confirmation of breakout
Long above 46.10
T1 - 56.50
T2 - 62.90
SL - 38.90
Buy : Pennant Pattern breakoutI like this pattern for its reliability and fast achievement of target. The pattern has given breakout today and we can expect the prices around 47 withing a week time.
HCC - Looking Hot for 100+ in next 1 YearCup and Handle Pattern in making..
A Close above 48 will Confirm Breakout..
Targets will be 80-100 in next 1 Year..
HCC has given nice breakout .After trending down for 6 months ,HCC has given a nice breakout At cmp 39/- we can start buying any dip towards 36/- for target of 48/-
Hindustan Construction Company HCC BUY setupAn inverted head and shoulders pattern has been observed on the weekly chart of Hindustan Construction Company (HCC).
Buy: CMP (36-37)
SL: 24
T1: 50
T2: 62
HCCHCC Gave a bounce from Demand Zone.
One can still buy this till it does not close below 37
CMP 40.45
Target 44/46/48
hcc -sustained Symmetrical triangle breakout on monthly chartshcc on charts gave a breakout few months back at 37 level. price is under strong consolidation suggesting stock can gave a strong upmove once stock closes above 48.5.
one can accumulate stock with sl of 39 for the target of 80
traders can buy near 41-42 with sl of 40.5 for 48 or can make long position above 48
triangle target -80
HCC short termBuy it with 40.5 stoploss.. we hope to see first target 48 ... if it can sustain above 50 or trendline next target would be 67.
Strong uptrend after double bottomStrong uptrend after double bottom supported by MACD crossover. So buy With SL of 40.
CMP 46.55
HCC trading in a channelHi! I trade NSE stocks using Demand and Supply zone strategy, mostly in Weekly time frame.
Here's a trading plan for HCC
Weekly location: Equilibrium
Daily trend: Down (we can short or long depending on price)
Hourly zones: Demand & supply zones marked on chart
Trade duration (max): 1 week
Note: Target, Entry and SL on chart
