Hindustan Hardy Limited given a breakout of more than 15 years in july 2021 with gapup above 198 and gone up to 337 so almost doing immediate level than retest level and again given b.o. above 337 cmp 355 . will it or not ?? further ?? just to observe posted as learning technical trend analysis through sharing . market heavy risky just confirm at ur end...
The multiyear breakout is visible on chart with price breaking out all time high price of 2005 in 2021. But, then the stock again consolidated till 2023 and formed a zone which give breakout recently with good volumes buildings on chart. Will good returns follow with strong base formation in this stock?
Hindustan Hardy
BSE:HINDHARD
Exch - BSE
Cmp - 222
Stop - 145 on WCB
Expectation -
T1 - 500
T2 - Open , Review at 500
Expected Holding Period - 240 trading days or earlier for T1
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Ideas being shared only for educational purpose
Please do your own research or consult your financial advisor before investing
