looking good for a target of 75, 85! sl is 61. risk reward very much favorable! Keep an eye!
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Being at its lowest price support, implies that thre is not much room for the counter to get any worse from the present level, the 8/1 support being at 120.50. If bullish move starts, target can be set at 180 odd.
Himadri Speciality Chemicals formed double bottom today in a span of 28 days. If the stock moves up from today's bottom without any down side movement, we may see any one of the levels viz., 150, 155, 161, 174 in short term.
HSCL
CMP 188.
Target 250 plus
Stop 140.
Monthly
Stock had broken past a 10 year range few months back and since then has been appreciating with huge volumes.
Stock took a mild retracement break for a 2 month period before commencing its next leg of upmove.
In that process stock has gone past previous swing high which provides the momentum factor.
Good one to go...
