Reason for long
a) CMP is less than book value (866 vs 1576)
b) Profit making organization
c) Challenges are constantly HSG employees and Promotors selling this stock
d) QQE long
e) Channel breakout possibility
g) SL compulsory
Dear Followers,
I hope this message finds you well. I wanted to share my swing trade view on NSE:HGS with you. I've analyzed the chart and identified some potential opportunities that I believe align with our swing trading strategy.
Stock: NSE:HGS
Holding Time Frame: 90 Days
Entry Point: 970-990
Stop Loss Point : 780
Target Point: 1320,1450
I've created a...
In the Weekly Chart of HGS ,
we can see that; it has made a Decision making candle.
Possible momentums are shown in chart.
Enter on breaking decision making candle's High with Low as SL.
In the Weekly Chart of HGS ,
we can see that; it might form a Double Botom Pattern.
Enter on breaking of Hammer Candle's HIGH with LOW as SL.
Expected momentum is shown in chart.
If it is an impulse it is a perfect place to accumulate and sit tight to see the impulse get over.
With strict stop of 845 we can go for buy @ current level. For impulse wave.
If it is a correction then we need to wait for the wave formation .
I’m not a sebi advisor
Before taking trade refer ur financial advisor.
This is for education purposes only.
HGS with a good fundamental we can expect a good bull run in upcoming days.
still there may be an slight correction pending.
It may or may not take place.
Risk Reward : 10 % : 40 %
Opportunity :
# Cup with Handle Breakout It gives target 580 Rupees This almost 40% of Return.
# Stock is trading 460 rupees less value in its book value.
# Stock is trading above 50, 100, 200 Day Moving Average this indicates Bullish.
# RSI is above 60 this indicate Bullish.
Threats :
# Fundamentals shows some weakness
# Sales...
Stock Name - Hinduja Global Solutions Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 1428
#This is not Buy and Sell recommendation to any one. This is for...
Hop Success ful break out Head N Sholder Pattern.
Head and shoulders formed in 1 Day timeframe. There is more possibility for bullish . For conservative entry wait untill break out 1400 level and then go for entry.
Target is T1 1580, T2 1683, T3 1780,
