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Hindrectifiers

Gap-Up Alert: Hind Rectifiers | Rectangle Breakout ConfirmedBUY Setup ⚡ Entry: ₹1,803-1,810 (Current Level) Target 1: ₹1,832-1,840 Target 2: ₹1,851-1,860 Target 3: ₹1,875-1,890 (Extended) Stop Loss: ₹1,775 Technical Rationale: Massive breakout from rectangle consolidation (1,600-1,800 range) Explosive +5.00% surge with exceptional volume (84.66K) Breaking above long-term resistance at 1,800 with strong conviction RSI spiking to 69.43 - strong bullish momentum Gap-up opening showing institutional buying interest Trading well above EMA (1,663.41) confirming uptrend V-shaped recovery from October lows Power electronics/rectifier sector gaining traction Multiple resistance levels mapped: 1,832, 1,851, 1,875 Clear support established at 1,747-1,775 zone Volume significantly above average confirming breakout Risk-Reward: Good 1:2.5+ ratio Pattern: Rectangle breakout + Gap-up - powerful combination for continuation Strategy: Short to medium-term swing - Book 35% at T1 (1,835), 35% at T2 (1,855), trail remaining with SL at 1,810 after T1 Key Levels: Breakout Zone: 1,800 (critical level crossed) Strong Resistance: 1,832, 1,851, 1,875 Major Support: 1,775, 1,747, 1,720 Sector Catalyst: Power sector demand increasing Electronics manufacturing push Infrastructure spending Caution: Already up 5% today - consider waiting for minor pullback to 1,790-1,795 for better entry, or enter in tranches Disclaimer: For educational purposes only. Not SEBI registered.
NSE:HIRECTLong
by rmhetre15
Can HIRECT Re-Erect ?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 industrial plants. It manufactures Active Harmonic Filters, Constant Current Regulators, Water Cooled Rectifier, Thyristor Controlled Rectifier, etc. It offers a range of products including Stud/Flat Base/Capsule devices, Power Stack/Assemblies, and Rotating Assemblies. The Co. is involved in the transport projects of Railways, Mass Transit Projects, and Metropolitan Transport Systems and it manufactures Propulsion system, Transformers, Microprocessor, Driver Display Unit & Inverters. The Company has a strong brand and leadership position in the market for the equipment of 3Ph locomotives and LHB coaches along with the pollution control and environmental protection equipment. The Co. caters to major players such as Indian Railways and Bharat Heavy Electricals Ltd (BHEL), resulting in repeat orders from them and an increase in revenue. The Co. derives 70% of its revenue from the railway sector and increased competition and slowdown in the railway sector will hamper the growth of the company. The Co. has incorporated 2 wholly-owned subsidiaries with an objective to leverage the growth opportunities in the service activities and to leverage the growth opportunities in the E-commerce place for B2B as well for B2C business respectively. In Q4FY22, the Co. has secured orders of Rs.127.72 Cr (including an order of Rs.46.18Cr from Railways) This analysis is only my view and is in no way responsible for your trade. Please consult your financial advisor before making any investment.
NSE:HIRECTLong
by CannySunny