HSCL breakout and proper retestBreakout and retest in a fundamental strong company.
Risk reward Ratio 1:3
Happy Trading!
HSCL trade ideas
HSCL GIVEN WEDGE BREAKOUT AND RETESTED THE LEVELSHSCL HAVE GIVEN A WEDGE BREAKOUT AND ALSO RETESTED THE WEDGE.
IT IS CLEARLY SHOWING A BULLISH STRENGTH.
ONLY FOR SWING TRADE.
1ST TARGET - 62
S/L - 50(ON DAILY CLOSING BASIS)
DISCLAIMER
THIS IS JUST FOR EDUCATIONAL PURPOSE.
DONT TRADE WITHOUT CONSULTING YOUR FINANCIAL ADVISOR.
Beautiful rounding bottomHSCL (Himadri speciality chemicals limited) has consolidated and made a rounding base in the last 10 months and is ready to start a new leg up provided the market conditions will allow so. A short term trade Buy above 60 for a target of 72 over a few weeks can be attempted. Keep a tight stop at 55.
CMP : 59.65
HIMADRI SPECIALITY- stocks has forming ascending triangle pattern
Stock sustain above 64 Next level to watch 77/92/110 levels
-Support is near 50 level on chart
Multi Year Breakout - Ascending Triangle Pattern (Don't Miss)Clear Trend Reversal on charts. There has been very good volume addition indicating good accumulation at lower and current levels.
Don't Miss to add at current for three digits target.
#HSCL .. Huge OpportunityCheck Charts.. 30% upside in short term
Buy when it dips to retest for support.
Hscl LongHscl Long
Buy at- 54.5
SL- 51
Target- 62, 72.5
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
Himadri Speciality - Increased Volume on Daily ChartHimadri Speciality - Increased Volume on Daily Chart, crossed important huddle of 49.9 next huddle 54.5
Entry - above 54.5 (Can enter now to reduce Stop loss also but slightly risky)
Stop loss- 41.5 (Trail Stop 49.9 after 54.5 is crossed and sustained)
Trgt1 - 81
Trgt2 - 114
Duration - 1 year
All numbers are weekly based
Bussiness model : Co manufactures a wide range of carbon materials and chemicals. Its products include coal tar pitch, carbon black, specialty carbon black (SCB) Naphthalene, Advanced carbon material, SNF (Sulphonated Naphthalene Formaldehyde) and specialty oils.
They are planning to expand production of Lithium Titanate Oxide which will be used for electric vehicle Batteries.
It has transformed its portfolio from low value products to high valued products over the years for higher margins.
Mar 2020 and Jun 2020 has been bad Quarters for this Co due to Covid expect this Co has been performing consistently well.
Promoter holds 45.43% slightly below average.
Debt 596 crs can be cleared with 2 years profit, however Company is looking for expansion so Debt clearing won't happen soon.
Co is profitable from last 4 years since sales growing at good speed
Cashflow decent from last 6-7 years
Technically accumulation has happened on monthly charts from last 4 months and stock is ready to breakout from its Cup and Handle pattern
Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
HIMADRI FOR LONG TERM SWINGHIMADRI MAKES HARMONIC PATTERNS IN WEEKLY TIME FRAME
BUY HIMADRI ABOVE 56.5
SO FOLLOW ME IN TRADING VIEW
Himadri SpecialityGolden Cross Over + Pattern BreakOut With Volume.
Stop Loss - 42 -- Target --72 cmp 58-60
This is for my personal Educational Purpose. Not any kind of recommendation.
HSCL BREAKOUT triangle patternHSCL is giving a breakout from triangle pattern and consolidation phase. strong buy recommendation. stop loss @45 positional target @80+
HIMADRI SPECIALITY FOR INTRADAYHIMADRI GIVES A BREAKOUT
HIMADRI BUY ABOVE-57
WE USE HARMONIC PATTERN
HSCL can do wonders over 56 After a year of consolidation, HSCL finally showing signs of a rally.
Once it close above 56 on a daily candle(stronger if it closes above 56 on a weekly), it can fly.
Stock may consolidate after BO and retest longterm support.
But safe if it doesnt close below 56
Target is open, Expecting atleast 100% returns
HIMADRI #StockMarket #StockToWatch HIMADRI SPECIALITY>> FRESH BO COMING WITH VOLUMES
IF BREAK AND HOLD STRONG RESISTANCE LEVEL, THAN GOOD ENTRY AT LEVELS 60
WITH SL OF RECENT SWING 47....FOR TARGETS 67 & 72.
POSITIONALLY ALSO GOOD TO HOLD...
HSCLHSCL looks good after breaking out from the descending trend line. Waiting for targets 60, 80+.
Please note I’m not a registered analyst. Please analyse your self before investing.
