Price Volume Breakout, Now at current resistance. A break beyond it can target 75. Might even retest the Breakout level and then go further. Varied possibilities: Keep an eye.
The inverted H&S breakout on the daily and weekly chart of HPL Electric has occurred today. The short-term price target is at 65.
Note: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
* A beautiful chart set up in HPL Electric Motor Ltd. when volume is exceptionally low or high, it usually pays to take a closer look. High volume represents that big players are participating. In this stocks inverted H & S breakout with significant volume at time of breakout .
Cup and Handle Breakout possible but seeing current market scenario keep a strict stop loss and regularly keep booking profits
Analyzed the fundamentals and technical of HPL. Everything looks good. Do your own analysis before making any investments.
buy above 50 Positional Stoploss 36 for swing keep Sl below 41 Target 58, 78, 94, 130, 160
As you can see, the stock is trading very close to the 1 yr Resistance. And recent volumes have been sky high relatively since the IPO came.
NSE:HPL A GOOD COMPANY FOR LONG TERM INVESTMENT