HATSUN is looking good to enter above 1145 after breaking the trendline resistance on daily time frame and weekly time frame, stock is showing upward momentum and ready to make upswing over a period of 5-6 weeks. Fundamentals of the stocks looks good.
Note: Please consult your financial adviser before any investment.
NSE:HATSUN
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and...
TARGET AND STOP LOSS MENTIONED IN CHART
BREAKOUT OBSERVED - FALLING WEDGE BREAKOUT
SUPPORTED WITH GOOD RESULTS IN Q1 of Current Financial year
GOOD FOR LONG TERM NONETHELESS FOLLOW STOP LOSS - COMPETITOR AMUL IS SPREADING ITS WINGS IN THE HATSUN BUSINESS / CUSTOMER AREA.
Market Cap
₹ 23,676 Cr.
Current Price
₹ 1,063
Stock P/E
122
Book Value
₹...
NSE:HATSUN
Stock has consolidated very well from past few days and it has given a breakout from tringle on 26th June.
Good opportunity to go along with SL below the consolidation.
Target: 1040 1100
This is only for educational purpose, please manage your risk accordingly.
There are multiple reasons to go long in it!
1. Price consolidation inside a bullish falling wedge pattern!
2. Price is at the support of 100ema and 200ema!
3. The last time price consolidated near 200ema was in 2020, results of which are on the screen!
And many more reasons which I would like you'll to find!
Therefore, I am long in it!
NSE: HATSUN is closing with a bullish consolidation breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain...
Chart is self explanatory.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
