HCC Entry 15.15 | Stop 13.95 | Target 20
8% Risk | 32% Reward
1: 4 RR
Price highs move slightly lower and price lows move slightly higher. Drawing a trend line connecting price highs and then another connecting price lows form two converging lines which are an identifying feature of the pennant.
hcc on charts gave a breakout few months back at 37 level. price is under strong consolidation suggesting stock can gave a strong upmove once stock closes above 48.5.
one can accumulate stock with sl of 39 for the target of 80
traders can buy near 41-42 with sl of 40.5 for 48 or can make long position above ...