HBLPOWER trade ideas
HBL POWER SYSTEM - swing opportunity !!!!!!!HBL POWER SYSTEM
Breakout alert ahead.
Self explanatory chart.
For educational purpose only. I am not a sebi registered expert. Trade at your own risk. Feel free to text & Share your views.
#banknifty #hbl #nifty
Multi month Breakout in HBL Power SystemsHBL Power made a post crash monthly closing high of 41.10 in December 2020. Since then the stock has been range bound for almost 5 months and has moved in a 10 Rs range between 33-43.
Not only did the stock close at a fresh post crash monthly high of 46+ today but it also gave the highest monthly closing since April 2018 with very good volumes.
One can go long here and add to their longs if/when the stock closes above 48 (last week's high).
Targets : 2015 price cluster around 55-56 and the 2018 monthly closing high of 68-69 are the short and medium term targets for HBL Power respectively. A close above the 2018 highs can take this stock to 100 and beyond.
Stop Loss: Longs can be held with a WCB stop loss of 42 to 38 depending on one's risk appetite.
HBL Power LongCup and Handle formation breakout on weekly charts. Volumes not high, neither low, hence low chances of prices falling. I would suggest going long on CMP as a swing trade. (OPEN THE CHART FOR DETAILED VIEW OF THE ANALYSIS)
Target 1 : 50
Target 2 : 60
Target 3 : 70
Target 4 : 76
Stop Loss : 36.5 (TRAIL STOP LOSS)
Risk-Reward Ratio favorable
MACD bullish
RSI shows good momentum
HBL Power 6mth Breakout RetestThe stock has been trading in a channel for 6 months. Big accumulation volume bars could be seen throughout the channel. Finally gave a breakout on huge volume. The price has now come back to retest the breakout area. It may take support at the 20VWMA (Green line) and bounce back once the earnings are announced in a couple of days. RSI is above 50, Relative strength line is above NIFTY.
Moving along with sector.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20MA on Hourly chart (on a daily close basis)
BUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better.
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
DISCLAIMER:
I am not a SEBI registered analyst. Please consult your financial advisor before investing.
Good volume position Accumulation and good volumes position expected 52 ,59,64.
SL 38.
Note: This is just for study purpose.
suggestions welcome.
Price Breakout with good fundamentals * Price Breakout with good fundamentals .
*If we look at the volume part, significant volume activity is witnessed at the time of breakout .
HBLPOWER Tracking March 2021I am tracking this stocks and will monitor how the price action is shaping up.
Till now it seems accumulation on going.
Should wait for decisive Breakout in this counter in few weeks time.
HBL Power - GO FOR ITHBL makes Batteries and is a premium candidate for EV, they have tie up with Italian Major BORI. This will surely going to double in 1-2 years. GO FOR IT. It is placed suitable, retested the breakout and now started to move up for a target for 44 by this month end.
HBLPOWERHBL has given a good breakout from a traingle.
Previous high may act as a resistance.
Fresh buy only above 71 or wait for dips.
Momentum is strong and we may see a breakout soon.
HBL POWER call it whatever you want HBL power has formed a nice rounded bottom now you might wait for the handle to form and breakout or jump right in. Acuumulate at 63 region. Texbook target 90 realisitic target 76. SL close below 60
#HBLPOWERVolume Surge
CCI(D/W/M) >100
Breakout on D
ATH > 70.75
Target: 77
Duration: 2 weeks
Target 92
Duration: 1 month
