HBL Power offers a good setup in the extreme short term and has managed to hold on to key support levels despite global uncertainty and volatility.
With the stock respecting the 0.618 levels and consolidating above it, it setups itself nicely to break its ATH and resume its momentum.
Greetings Folks,
today i have prepared a setup of HBLPOWER on NSE
the setup is as follows
- the price is in good bullish rally and is now consolidating
- forming a some kind of pattern as depicted
- major support marked under the pattern
- 2 types of entries possible as marked
dont play with fire, always use predefined stoploss
SWING TRADING STOCK:
HBL Power Systems Limited is one of the world’s leading manufacturers of advanced-technology batteries (Lead Acid, Nickel Cadmium & Special Defense) & DC systems for various industries.
4Times SUpport from Trendline on DAILY Timeframe and also 200MA Support but Facing Resistance on1Hr TF.
Track this stock for few days.
The stock is trading around its all-time highs, and the trend is positive. We can consider this trade as a retest of a breakout; it will be low risk and big profit.
HBLPOWER Channel Breakout Trading at ATH, strong fundamentals provides attention.
I am confident at stock that it will fly soon.
Not a buy call, sharing for educational purposes only i am not SEBI REGISTERED ANALYST.
Self Explanatory.
*****
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