This scrip is trying to break the channel trendline nearly 8-9 Times, I hope this time it will break it and to move upward. So traders keep on your radar to catch the moment.
This is 1D timeframe.
This stock took yesterday a very strong support at very big trendline( 1+ yr on daily TF).
Yesterday's wick is very big and it indicates that it wouldn't go down that easily.
Sellers tried but cannot take it down.
Today it shows hugh momentum and moved +20% up.
I tried to find but I can't find any important news as such that it took it up...
Hisar metails trending channel, verge of breakout
*** Purely personal analysis ***
Investment in securities is subject to market risks. Kindly consult your financial advisor before investment
Decided to go SIP mode on this scrip for one year or so. the line drawn above cmp will work as resistance.
Disclaimer:I am NOT SEBI registered, Just trying to learn to predict share price movement. THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family...
Hisar Metal Industries Ltd. engages in the manufacture and sale of stainless steel strips, tubes, and pipes. It offers cold rolled strips for use in automotive parts, cameras, clamps, engine gaskets, fiber optics, floppy disks, food processing products, metal hoses, needles, packing products, pens, piston rings, rings, shoe inserts, thermometers, and watch bands. The company was founded in 1991 and is headquartered in Hisar, India.
NSE
