Stock, after breakout of symmetrical tirangle, has delivered more than 25% returns from recommended level. One can continue to hold the stock for long term, as portfolio stock. New highs to come.
Link below on my previous analysis of the stock.
QUICK BITE (A Fortnightly Swing Trade Bite):
NSE:HGINFRA Targeting +13% move
With RR=1:2.
Note:
Always allocate not more than 5% of your trading capital for single trade. One can always get new opportunities rather than riding major capital over trading single idea.
The idea is to sustainably remain in the market game. Think in terms of 'Winning Trades'...
After giving whopping 75% (360-630) returns in a month time-frame, now the stock is consolidating and has made triangle pattern on daily. Now, one can keep this in watch list and trade if any breakout happens. Even, this stock can be considered for long term investment, where promoters are majority stakeholders with increasing participation from FII, DII and NII as well.
HG INFRA ,WEEKLY CHART,STUDY AND INVEST
CHART LOOKS GOOD,
Currently price moving in trend line After a breakout,.STUDY THE FUNDAMENTALS ,Watch concalls for more idea ,
This scrip was posted on 2nd July in our platform and so far it gives 15% in 3 trading session . I hope all our followers had benefited from this post . I request all traders if it really helps you kindly like and share to your friends and to the needy people. Thanks to all.
Weekly chart
- Breakout Retest + Rejection from Support on Retest
- Upmove on above average volumes while pullback on declining volumes
- looks good for swing/ positional trade
NSE:HGINFRA
Current Market Price : 358.45
Accumulate Between 378.40 to 353.50
Target 1 : 400,
Target 2 : 500,
Target 3 : 600+
Stop Loss : 310
Time Frame : Within 90 Trading sessions roughly as per Technical Analysis Principles.
Logic behind this idea:
Higher Highs and Higher Lows formations as per DOW Theory, It is long term Bullish
Disclaimer
Risk is Yours...
HGINFRA
- Weekly Chart
- Strong Fundamentals
- Looks good for Swing/ Positional Trade once closes above resistance zone on WCB
- Manage risk and position size
HG INFRA ENG - Breakout - Long
Clearly formed the Cup and handle pattern. The price also broke out at 332 level and ready to gear up.
Buy Levels: 342-332
Target : Upside...
H.G. Infra Engineering Ltd. is a construction company, which engages in the execution of infrastructure sector projects including highways, roads, and bridges. It also carries out civil construction projects like extension and grading of runways, railways, and land development. Its project portfolio includes Yamuna Expressway, Chandrapur, Agra, Faizabaad, and Chittorgarh. The company was founded on January 21, 2003 and is headquartered in Jaipur, India.
NSE
