Weekly Chart Analysis:
1. Chart similar to NSE:XELPMOC, after long wedge pattern breakout...we saw strong bullish candles. Highest volumes also seen during last few weeks. Right now looks like it has absorbed all trapped sellers around 22 levels. Trading above its like time high.
2. Big Cup and Handle pattern formed on weekly charts. Just trading above its neckline.
Stock looks good above the price of (23.75) considering on the basis of weekly time frame with "Cup & handle Breakout" for the target of price (42.90). Buy with a stoploss below the neckline. Also analyze on your own. Happy Trading...
HB Stockholdings Ltd. operates as a non-banking financial company. It engages in investing, sale and purchase of securities. The company was founded on July 30, 1985 and is headquartered in Gurgaon, India.