Being at its lowest price support, implies that thre is not much room for the counter to get any worse from the present level, the 8/1 support being at 120.50. If bullish move starts, target can be set at 180 odd.
Himadri Speciality Chemicals formed double bottom today in a span of 28 days. If the stock moves up from today's bottom without any down side movement, we may see any one of the levels viz., 150, 155, 161, 174 in short term.
HSCL
CMP 188.
Target 250 plus
Stop 140.
Monthly
Stock had broken past a 10 year range few months back and since then has been appreciating with huge volumes.
Stock took a mild retracement break for a 2 month period before commencing its next leg of upmove.
In that process stock has gone past previous swing high which provides the momentum factor.
Good one to go...
This is only for educational purpose - HSCL has formed a HnS pattern. Target 153, SL- 164 CB.
Disclaimer: This chart is just for educational view. Please use own analysis and discretion before taking any position.
in monthly, it is in strong uptrend, and has crossed 2008 peak and is in all time high.
in weekly, it is in strong uptrend and price is riding upper BB.
in daily, it has given a breakout with good volume and closed above upper BB and BB expanding.
one should ride the trend with a sl...
Price has been coiling in a narrow range near a key resistance area. There was a breakout yesterday and follow through today. If we manage to close near the days high today (July 20, 2017) then it will strengthen the case for a breakout. Am long this stock. Keep this in watchlist.
Himadri Speciality Chemical Ltd is a coal tar pitch manufacturing company. The Company manufactures coal tar pitch used in the manufacture of aluminum, which is used in automobiles, televisions, rockets, beverage cans, wires, cables, smartphones, furniture and foil wraps, among others. It manufactures coal tar pitch, which finds downstream use in the manufacture of graphite electrodes in electric arc furnaces; specialized coal tar pitch, which is used in long war head missiles; advanced carbon, which is used in the manufacture of lithium-ion batteries; coal tar-based thermoplastic polymeric coating, which is used as an anti-corrosive material in underground and offshore pipelines; carbon black, which is used for reinforcement of elastomeric materials, and specialty carbon black with specific applications in plastics, fiber, inks and food grade materials. It also manufactures sulfonated naphthalene formaldehyde (SNF); poly carboxylate ether (PCE), and wood preservatives and fuel oils.
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HSCL
