The stock of Hercules Hoists had ended near the RESISTANCE ZONE as of 23 Nov 2023.
However, couldn't sustain it.
So what now? We should wait for the CONFIRMATION CANDLE - which will be the candle that should close above the resistance or last high. In this case it should close above 371 on daily time frame.
I used Fibbonachi Retracement for Stoploss and...
Seems like Hercules Hoists is breaking the all-time-high resistance at Cmp 360.
It just need the next candle to close above the resistance zone.
+ it also lacks the volume.
Aur kuchh puchhna hai to aao 8800611235
HERCULES HOIST LTD (1D)
CMP 345.05
Pole and Flag pattern is visible on Daily chart Breakout is awaited
Once Breakout is done stock blast like 🚀
Quarterly Result will be on 11th Aug 2023 so be cautious
Keep quantity low
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Hello friends , Today i have the
Technical Chart Of Hercules Hoists . Friends as you can see here that it is making Inverted Head and Shoulder Chart pattern which means it can go up and Because it is a very Nice Head and Shoulders so for its Breakout is onn upper side and so for it it going up and broke Its Neck line .Its Target You can take is at 220 Rs and Its...
