HIL is shaping a triangle pattern and its recent quarterly results are impressive. I'm placing my bets on this company. 15% will be my target.
🚨DYOR
🚨SL must, it depend's on your risk appetite
HIL - NSE:HIL
A group company of CK Birla Group, formerly known as Hyderabad Industries Limited into construction materials, machinery, industrial supplies, and components.
On Daily and Weekly time frames - most of the indicators are in Green.
On Daily TF - CCI crossed above 100 and on Weekly TF also on the raise & close to 100.
3200 and 3275 levels will...
After a long correction both time wise and price wise
-> stock showed first clean 5 wave rise
-> what followed was a perfect "abc" correction which touched 66% retracement levels
We cannot get a more cleaner structure in EW than this chart has provided for Wave 1 and Wave 2
The reversal came with strong 1 day candle that closed again above the falling channel...
BUY - HIL LTD
CMP - Rs. 3119
Target - 1: Rs. 4650
Target - 2: Rs. 5650
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Technicals - Descending Channel BO
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Fundamentals -
Hyderabad Industries Ltd. is a company that manufactures and markets building products and thermal insulation products in India and internationally.
It operates in two segments, Building Products, and Thermal Insulation...
HIL has seen clean 5 Wave rise after retracing 70% of rise from March 2020 bottom to top till 2200 now wave 3 is unfolding.
We are not SEBI registered Analyst chart shared for education purpose only.
HIL has clean 5 wave rise after 70% retracement of rise from Covid bottom & ABC pull back in Wave 2 now its starting Wave (1) of 3 up so long way to go 1st target around 3100-3500.
Hello Friends,
Here we have shared possible Elliott wave counts on hourly chart of HIL LTD.
Post all-time high which was high of August 2021, we are still in correction phase only.
This correction is complex correction, in which we have labeled correction swings as a wave (W)-(X)-(Y), which we have completed wave (W) & (X), and now possibly we are in wave...
Trade Or Invest Wisely.
We Can Just Predict.
Disclaimer: I am not a SEBI registered advisor, so before entering on my view please ask your SEBI registered advisor. Profit is your and loss is your.
Please like and share if you agree with the idea.
I am not a SEBI analyst this recommendation is only for education purpose this level is functioning huge demand zone for buyers,
Buy at current level with 2 immediate targets,SL is about any candle close below 4050,
Below: LOOK AT PAST PERFORMANCE TO BUILD CONVICTION
- Take BTST trades at 3:25 pm everyday
- Book profits within first 30 minutes of the market opening
- Try to exit taking 3-5% profit of each trade
- SL can be taken when 5/15 min candle close below 44EMA
