Hindustan Composites Ltd is engaged in the development, manufacturing, and marketing of brake lining using asbestos industrial products and friction material. It is also engaged in the treasury business since 2010.
This can go ahead of ATH and have a great targets.
Code HINDCOMPOS
ATH 804
ATH Diff 93.15%
CMP 425
52WH 494
% Diff ATH 47%
Diff -47%
% Diff...
Stock Name : Hindustan Composites (HINDCOMPAS) Date: 14/01/24
Description: the stock cross MTF Resistance of 459.05 of 01/01/18 & trading on 473.70, & if sustain Above 483.25 Which is MFT of 01/11/2017 then will achieve T1 & T2 & T3 & above soon
ATH : 803., BR -Year 03/04/2017
Target 1 : 531 ...
HINDCOMPOS
Ready to breakout, If it breaks the black line, expect a good move
Buy above 432 | Tgt 445, 465 | sl 415
It is my view, to trade at your own analysis
NSE:HINDCOMPOS BSE:HINDCOMPOS
Time Fram e – Weekly
Observations :-
* Consolidation in range 390 – 250
*Major BO above this range
* Trendline Breakout with good volume
*Sustain above weekly 200 SMA
Resistance – 477 / 563 / 642 / 709 / 803.35
Support –285 - 250 & Weekly 200 SMA
DISCLAIMER : NCFM Certified Technical Analyst. I am not SEBI...
Stock crossed 200wma and consolidated near long time resistance.. formed range.. broke range downside and took support of 200wma.. again consolidated for few weeks and broke range with volume.. expecting breakout above 340-350.. can be accumulated for target 430/500
1) Divergence can be seen clearly on daily charts
2) Breakout around 309 levels
3) Surge in volumes
4) Bullish engulfing candle can be seen
Buy HINDUSTAN COMPOSITES above 309
for the target of 340
This scrip is expected to give breakout as it has formed low risk set up. So traders keep on your trader to catch the momentum and enjoy the profit. Thanks to all 🙏🙏🙏
Hindustan Composites Making Higher Highs in Daily Time frame, We Will go long if the Trendline will Break.
->> Always Enter With good confirmation & Maintain proper Risk Reward.
******* Knowledge Purpose only ********
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The share is making a powerful pattern near to the resistance (i.e. 360 to 370) if this level crossed by good volume, the same can show the level of 400-410 easily.
