HSCL trade ideas
Himadri speciality chemical analysisHedge fund accumulation is going on (hedge is taking or punching his order)
about to fly very soon
HSCL: LONG ON HIMADRI SPECIALTY CHEMICALS LIMITEDHSCL is a leading manufacturer of Carbon Black which is used in production of Tyres, so with rising demand of automobiles, it's revenue are gonna rise and it's a huge positive.
HSCL also manufactures one chemical that is used in manufacturing of Lithium ion battery used in EV. With rising EV industry it's another huge positive.
Technically, it gave a breakout from it's weekly downtrend and is consolidating now.
can be bought at cmp 43.25 (23 Mar 21) with SL 38Multibagger turnaround Stock for the target of 140 and above.
HSCLwill touch lower bollinger band and then after either Reversal or further downside move will be continued...
Bullish crossoverStock Himadri speciality make bullish cros.sover and stock is in now in consolidated zone of 38-52. we have seen strong volume in this stock. if stock break that level and make high of above 55 then it can be buy with sl of 43, target 67, 92, 111, 160
Himadri Specility Chem (HSCL) - MIBHimadri Speciality Chemicals
06 Jan 2021
CMP 47.7
Buy above 48.5
SL 42.5
TGT 51 / 57 / 62+
December Monthly candle was an inside bar.
Current bar faces resistance exactly at high of November Master candle.
Double Bottom completed.
RSI bullish.
More than ordinary and rising volume.
HSCL when breakout resistance, immediate enter for longHSCL when breakout resistance, immediate enter for long
HSCL - LongCMP - 52.70
1D TF, candle close above 200D EMA along with follow up candle.
One can buy here keeping 200D EMA as Stop Loss at 50 levels or the previous low at 38-40 levels.
Buying Volumes also looks good.
HSCLAs price has broken the trendline with multiple touches and now it is taking support and price can move upwards till fib level.. "Educational Purpose Only".
