Reason for consolidation breakout
a) Consolidation breakout
b) Bullish kicker with gap up
c) Volume burst
d) QQE support
e) Super vwap support
f) SL compulsory
📈 Stock Name - Hind Rectifiers Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 681.
🚨 Disclaimer: This is not a Buy or Sell...
HIRECT, ticker for Hind Rectifiers LTD, is a primarily engaged in developing, designing, manufacturing, and marketing Power Semiconductor, Power Electronic Equipments, and Railway Transportation Equipments.
Here are the details of the analysis-
CMP- 589.90
Target- 655
Stoploss- 539
Duration- 1-2 weeks.
Let me know what you think.
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HIND RECTIFIER posted 21.12.2021 stock above 214 target 225 and today stock made a high 247 and closed at 235. Happy Trading to all. Tomorrow Market will be bullish.
Hind rectifier showing stregth towards 300
with volumE breakout above50 volume moving average also formed cup and pattern and breakout
,buying zone ,sl,target given in chart
Posted on 12.12.2021 HIND RECTIFIERS Above 202 for a Target 209 and 215 level. Today the stock has closed at 215 level and above 216 level for a target 225 is achievable. Tomorrow the nifty will go down initially and then bullish reversal will take place and market will continue to be bearish. Don't hold long positions.
Posted 12.12.2021 two scenario for Hind Rectifiers and both was for bullish break out and today the stock had hit the second resistance level 215 by making high for 214 which was the second target before closing at 208 level. Happy Trading to all.
HIND RECTIFIERS LTD as per daily chart analysis has broken the pennant pattern and there can be twos scenario. 1) the stock above 202 hit the First target 208 and retrace or 2) the stock might break resistance 209 and hit second target 214 level.
HIDIRECT in developing, designing, manufacturing and marketing Power Semiconductor, Power Electronic Equipments and Railway Transportation Equipments.
-->>Good Business models & Product
good profit growth of 40.78% CAGR over last 5 years
On June Qtr, FIIs holding increased from 0 to 2.78%
With Power, Railway & other Infrastructure growth, this also grow with...
