Stock Name: Hindware Home Innovation Ltd. (HINDWAREAP)
Promoters details:
SOMANY IMPRESA LIMITED 42.30% Equity.
Currently Somany Ceramics Ltd. is trading @ 630 rs.
The best thing is that FII, and DII also invested in this stock
Once Price break the Red Trendline then add more Qty.
Huge momentum is expected in HINDWAREAP. Keep it on your watchlist.
Be sure to buy it at an average price. If you buy, please follow risk management & maintain appropriate position sizing.
Disclaimer: This post is for educational purposes and not a recommendation. The analysis posted here is just our view.
8 Day + Hourly Just above 300 ema apna, testing- Balaji (SUPER No Change Required + EMA )
1) Consolidating
2) CHangle in angle of Trendline observed
3) Above Monthly Support
In the Weekly Chart of HINDWAREAP ,
we can see that; it has come down to retest the Cup & Handle.
It is now on support level.
Let it create a Hammer
OR
Show a W shape recovery.
All time High Breakout with Significant Volume.
If Price Close above 515 Range in a day chart, then there is a high chance stock can move till 640 Range.
Stop-loss below 445 Range.
For Re-entry 480 range is good level
( Previous resistance level will act as support if its a genuine breakout)
This is just a view not a recommendation. Do your own analysis before...
Hindwareap closing 363.75 with stoploss 380 then targets are 330-300.
Selling Reason.
1 --> Price action made a range and #Breakdown.
2 --> RSI is below 40.
3 --> ADX is show the #Bearish and -DMI is rise.
4 --> #Volume is also show the #Breakdown.
5 --> #Bollinger Band show Ride on the Band on #Negative mode.
NSE:HINDWAREAP
✅ #HINDWAREAP - Trading above Resistance of 470
✅ Next Resistance is at 540
✅ Pattern as shown in chart
Related chart:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration...
Somany Home Innovations Limited (SHIL) is a company engaged in the business of consumer appliances, retail, and building products. Popular brands from this company are HINDWARE, MOONBOW, and EVOK
In recent quarters:
- Sales of the company are increasing quarter on quarter; however, at a slower rate
- Margins in the business are starting to show improvement
-...
all looking good in the chart, a good time to enter at 410 range will try to add more if retested.
at the initial stage of the multi-bagger for the year 2023.
BSE:HINDWAREAP is showing multi-timeframe breakout.
In daily chart it's a cup and handle pattern with volume and momentum
In hourly chart it's a rounding bottom patten.
Trade:
BUY above 422, SL: 418, T: 425/428
SELL below 420, SL: 424, T: 417/414
