Hind Rectifiers Ltd. is primarily engaged in developing, designing, manufacturing, and marketing Power Semiconductor, Power Electronic Equipment's, and Railway Transportation Equipment's. The Co. provides complete solutions in design, manufacturing and services in the field of power electronic equipment for aviation, power, telecommunication, and various...
Hind rectifier. Observe graph and its formation. Break out of Symmetrical triangle and also has taken support. perfect formation for good movement .
The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern! For target measure the distance from the start of the pattern, at the lowest point of the rising trendline to the flat support line. That same distance can be transposed later on, starting from the breakout point and ending at the potential take profit level!
HIRECT can go long huge breakout of TRAINGLE pattern. RSI showing strength. Bullish Marubozu candle. High volumes.
153.90 tp2 162.95 tp1 entry 141.05
After over a 2 year rangebound movement, can the stock finally move out of its congestion break out zone?