HINDMOTORS trade ideas
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline Breakout in HindMotors
BUY TODAY SELL TOMORROW for 5%
HINDUSTAN MOTORS technical analysisHindustan Motors Ltd. (NSE: HINDMOTORS) is currently priced at INR 24.83. The company is an Indian automotive manufacturer known for producing the iconic Ambassador car. It is engaged in the manufacturing and sale of vehicles, spare parts, and accessories.
Key Levels
Support Level: INR 20.07
Swing Level: INR 26.17
Possible Upside Levels: INR 32.82 INR 42.98 INR 49.08 INR 56.85
Technical Indicators
RSI (Relative Strength Index): The RSI is currently at 53.05, indicating a neutral position. RSI measures the speed and change of price movements and helps identify overbought or oversold conditions.
Volume: The volume is at 2.03M, reflecting the number of shares traded. High volume often signals strong investor interest and potential price movements.
Sector and Market Context
The automotive industry is evolving with advancements in technology and shifting consumer preferences. The growing focus on electric vehicles (EVs) and sustainability is reshaping market dynamics, with government incentives like the FAME program driving adoption in India. Hindustan Motors operates in a competitive environment where fuel price fluctuations, inflation, and interest rates can impact demand. While legacy automakers must adapt to these trends, strong brand recognition gives Hindustan Motors an opportunity to pivot toward modern innovations and remain relevant in a transforming sector.
Risk Considerations
Market Volatility: The stock market is inherently volatile, and sudden changes in market conditions can impact the stock’s price.
Economic Factors: Interest rate fluctuations, inflation, and economic growth trends can influence the company’s financial performance.
Industry Competition: The automotive industry is highly competitive, requiring continuous innovation and adaptation to market trends.
Regulatory Changes: Government policies and regulations related to the automotive sector can affect the company’s operations and profitability.
Analysis Summary
Hindustan Motors Ltd. presents a neutral RSI, suggesting that the stock is neither overbought nor oversold. The volume indicates moderate investor interest. The identified key levels provide potential support and resistance points that may guide future price movements. The company’s performance is closely tied to sector trends and overall market conditions. Investors should consider the potential risks and broader market context before making any investment decisions.
Hindustan Motors: Small Cap Stock AnalysisHindustan Motors Limited (Hindustan Motors)
Market Cap: ₹737 crore
Current Market Price (CMP): ₹35.35
52-Week High/Low: ₹48.60 / ₹12.65
Average PE Ratio: 28.98
Technical Analysis:
Daily Frame: The stock is crossing below its middle Bollinger Band, indicating a potential slight correction.
Support Levels: The stock may find support in the ₹25-₹30 range.
Overbought Zone: Currently, the stock is almost in an overbought zone.
Opportunity: A small correction could present a buying opportunity.
Watchlist Recommendation
Considering the technical indicators and current market position, Hindustan Motors can be added to your watchlist for potential investment opportunities following a correction.
Disclaimer
The above analysis is based on historical data and technical indicators. It is important to conduct your own research or consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results, and all investments carry risk.
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HINDMOTORS LongDate : 21-04-2024
Buy HindMotors above 25
Target of 28-30-32-39-45-48
SL 18
Strategy : SBO + RSI > 60 + EMA above 20 & 50
Duration few Weeks
Please consult your financial advisor before investing
All research for educational purposes only.
Stock is ready to cross past barriers with good volumes
Is Hindustan Motors Reversing ?This penny stock whose car brand 'Ambassador' was a household name and went all most to the ashes. There is no revenue but on long term basis the charts are showing strong positive momentum. Mind you there is no fundamental reason for this stock to be moving up but it is. No sane investor will touch it just based on some rumors that they are getting into EV business. But as they say Price knows everything which no one does.
The volumes are really high.
It broke its life time high and is consolidating.
It may take some time before it makes its new push.
RISK IS EXTREMlY HIGH.
If any brave heart wants to take a bet they can. Levels are given below.
CMP - 17.20
Stop loss- 15.05
Ist Target - 19
2nd Target - 23
3rd Target - 27
Disclaimer - This is not a buy or sell recommendation. Idea is shared for purely educational purposes.
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