Hubtown - Diamond FormationA diamond pattern is a pretty powerful pattern once it breaks out.
Hoping it breaks out on the upside.
HUBTOWN trade ideas
medium term trading opportunity in Hubtown for huge upsideHi,
NSE:HUBTOWN has given a Bullish Flag Breakout on Weekly charts with very good volume.
MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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#HUBTOWNWhat is HUBTOWN upto
Reaching soon towards 52 can be a good way to complete the ongoing wave
Seems in a hurry
HUBTOWN WILL PASS TO THE 50 RUPEEESAs Per Tenchinal Analysis And Some Indicators Its shows That The HUBTOWN Will Pass To 50 .
Buy IdeaIf neckline break then targets 30/37/42 can easily achieved.
OTHERWISE
Right shoulder formation may take place.
HUBTOWN - CMP: 16.85The stock has given Wedge Breakout on a daily chart with a good delivery volume. We can take the pattern breakout target as 20.50 ( Appx. 23% upside ) in near terms.
HUBTOWN, LONGShare has formed TRIPLE BOTTOM (shown by blue line in graph). After forming triple bottom, share made CUP N HANDLE PATTERN (shown by black curves). Last Candle that share made in day graph was MARUBOZU (shown in graph). EMA 12 DAYS has started moving above EMA 26 DAYS (shown by green and yellow lines). All these things indicate Bullishness of share.
