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HIMADRI SPECIALITY CHEM LHIMADRI SPECIALITY CHEM LHIMADRI SPECIALITY CHEM L

HIMADRI SPECIALITY CHEM L

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HSCL trade ideas

HSCL Cup and Handle formation about to break out.HSCL has been consolidating since the last 2 years in the range of Rs 40 to 63. It seems to have formed a Cup and Handle pattern which will break out above Rs 63. The actual rally will start after breaking the rectangular channel resistance at 63 and will then reach to the above mentioned long term targets . The technical indicators seem to have bottomed out on monthly time frame and have turned bullish on daily and weekly time frames. This is totally an EV (Electric Vehicles) play before the current budget is presented. This chart is only for information purposes and it is not an investment advice.
BSE:HSCLLong
by NayibSayilor
Himadri Specialty Chemical ELLIOTT Wave AnalysisHimadri Specialty Chemical Elliott wave analysis:- It trading in Zigzag correction last one year Rs @40 has Major support level and 0.618% correct from 52 weeks high at weekly chart analysis 2nd wave complete (0.618%) if continue its rally next possible target wave 3rd @85. On Daily chart analysis 4th wave is complete and the 5th wave is in progress for Price @85. weekly and daily Possible Target 85 Both waves may be almost complete @85. we planning Buy in Deep. Before investment please guide your finance adviser This is only for education purposes.
NSE:HSCL
by meena_sn
HSCL : ACCUMULATION ZONEGood Buy at cmp | Better To Buy At above 62 TGT - 90 &150 𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓: The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
NSE:HSCLLong
by finogent
TREND-LINE-CHANNEL-BREAKOUT-ACCUMULATION-1WSo the price action concept is: had been falling till Mar 2020 since 2017. since 2017 we saw a steady fall till Mar 2020. 1. Since Mar 2020 , it kind of went into a consolidation between 63 and 31 levels. 2. Now let's look at the structure. The entire fall can be condensed into a downsloping channel. There are two upper trend lines . Both have been tested at least 3 times. Currently both these trend lines have been broken. Secondly, we see an accumulation after fall which seems like the consolidation before high momentum breakout. 3. Within the accumulation we can see higher lows and same high, which means the 63 level has been tested several times, once that level breaks an upmove can start. Now let's look at the Volume Aspect-: ---> 1. Looking at the Volume Profile , we find the volume near 63-31 level is extremely high as compared to historical volume at previous price levels. Secondly, all the green (buying volume ) is very high and red(sell volume ) is very low. Which further confirms this as an accumulation region. i:e During buy volume=high, then price retraces with low volume and then again high volume buy-----> this forms a closed accumulation region. 2. Since the historical volume is low, There is very less barrier or resistance, which means once this breaks out, the momentum can be expected to be smooth and STRONG. ENTRY-: Clearly the 61 level is very important. That is the resistance of the accumulation region. So a confirmatory breakout above 61 level will signal entry. TARGET WITH LOGIC-: The tentative target level is all time high because since the volume is very low, but present volume is relatively stronger, any breakout can be assumed to be very strong and long-lasting. i:e it could easily cross the price levels. Nonetheless the imp levels to watch are 108, 140 and 197(all-time-high). EXIT-: Since exiting at target is ideal, we need to keep trailing stop-loss conservatively. We can use 1. Lows of candles 2. Moving Averages 3. S/R levels If stop-loss is hit----> exit. Else hold on till the target level. STOP-LOSS-: 31 is the consolidation support level. Since our target is optimistic we can choose 31 as the conservative stop-loss level. **ALL UPDATES ON ENTRY WILL BE POSTED HERE. TRAILING STOP-LOSS, EXIT AND CHANGES IN TARGET LEVELS AND ANY OTHER UPDATES WILL BE POSTED HERE** **COMMENT YOUR SUGGESTIONS** **LET ME KNOW IF VIDEO IS BETTER OR IF THIS WAS SHORT OR LONG POST** **IF YOU LIKE THE POST GIVE A THUMBS UP AND FOLLOW THE POST AND MY ACCOUNT FOR UPDATES**
NSE:HSCLLong
by VPA_TRADER
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