HBLPOWER has seen a good reclaim of the 10 & 20 EMA after almost a consolidation of more than 10 days with 100% increase in volume on daily TF.
The company has a minimum 50% increase in sales QoQ growth for the last 3 quarters and close to 150% increase in EPS.
Good for swing traders. Can expect an upward momentum of a min of 20%.
Entry - INR 490 (Trade...
HBLPOWER technically bullish and given breakout on the weekly chart. Seen upside momentum above the weekly resistance.
Can Buy with Target 495, 517, 539
14.20% Upside Potential
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.
Breakout trading implementation:
1. **Identifying New Trends:** Breakout trading helps traders identify the beginning of new trends by focusing on price levels where an asset breaks out of its historical trading range.
2. **Volatility Indicator:** Breakouts often occur when there's increased volatility in the market. Monitoring breakouts can provide insights...
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
We would like to bring your attention to a potential long trading opportunity in HBL Power Systems (HBLPOWER). After conducting a technical analysis, we have identified a key support level that could present a favorable entry point for a long position
Trading Strategy:
If the price of HBL Power Systems tests the identified support level, it could present a...
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.
The price touches its important psychological level i.e 100 in previous trading sessions and started rejecting upward. In higher timeframe the price retraced at important fibonacci level of 0.618. The price is in a channel pattern as well which it tries to break above ,could be a good longing opportunity after the break and retest of the structure. If price...
*HBL POWER SYSTEMS*
Time Frame: Daily
Observation:
* Rounding Bottom Pattern Formation
* Swing High Break
* Life time high break
Resistance/Target: 108 114 120 124
Support: 93 86
HBL Power has given a Cup and Handle breakout on its weekly charts. Since Dec 17, the stock was consolidating below 74 , which is also its ALL TIME HIGH . Last week the stock has given a breakout with high volumes. Power sector is seeing a major rerating which is also evident from CNX Energy index chart. Therefore, this is a buy. As it is trading in blue sky...
