HSCL Cup and Handle formation about to break out.
HSCL has been consolidating since the last 2 years in the range of Rs 40 to 63. It seems to have formed a Cup and Handle pattern which will break out above Rs 63.
The actual rally will start after breaking the rectangular channel resistance at 63 and will then reach to the above mentioned long term targets.
The technical indicators seem to have bottomed out on monthly time frame and have turned bullish on daily and weekly time frames.
This is totally an EV (Electric Vehicles) play before the current budget is presented.
This chart is only for information purposes and it is not an investment advice.
The actual rally will start after breaking the rectangular channel resistance at 63 and will then reach to the above mentioned long term targets.
The technical indicators seem to have bottomed out on monthly time frame and have turned bullish on daily and weekly time frames.
This is totally an EV (Electric Vehicles) play before the current budget is presented.
This chart is only for information purposes and it is not an investment advice.