OrissaMine Positional Swing candidateChart Analysis:
The stock has formed a flat base pattern and is now showing a breakout with strong volumes, indicating strength in the move. The weekly chart structure also supports the bullish outlook. A long position can be considered around the 5400–5450 zone.
Key Levels:
•Entry: 5400–5450
•Targets: 5750 / 5930 / 6130 / 6300
•Stop-loss (short term): Daily close below 5200 (strict SL for smaller targets)
•Stop-loss (positional 3–4 months): Daily close below 4700
Disclaimer:
I am not SEBI registered. This analysis is for educational purposes only and not investment advice. Please do your own research before trading or investing.
Swingcall
HPAL - At Support - Pullback TradeI identified this stock as a probable candidate for a breakout trade (Refer to the previous post linked here)
And we did see a breakout and run up to 540-550 levels.
Now the stock has come back to the breakout level, the previous resistance area which now would serve as a support area( 455-463)
and this week a hammer-like candle is also formed in the support area, portraying a good opportunity for a pullback trade.
The structure of the stock is still very positive and this could be a great risk to reward swing to positional trade.
The initial target is recent highs i.e. 540-550 and the further target is around 600 levels.
Close below 450 would negate the trade.