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Honda Atlas Cars (Pakistan) Ltd.Honda Atlas Cars (Pakistan) Ltd.Honda Atlas Cars (Pakistan) Ltd.

Honda Atlas Cars (Pakistan) Ltd.

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HCAR trade ideas

HCAR – Time Cycle Complete, Ready to Ride!The chart is showing strong accumulation with massive volumes, signaling smart money activity. Price has spent significant time in a sideways cycle, suggesting consolidation is now near completion. 🔑 Key Levels & Plans Plan 1: Buy near CMP / 285 | SL: 240 | TP1: 340 | TP2: 400 Plan 2: Buy above 340 (on sustained breakout) | TP1: 395 | TP2: 495 | TP3: 595 ⚠️ Caution: Strong resistance around 318–340. A breakout above this zone could trigger the next rally, but failure may lead to another pullback. 📌 Conclusion: Stock looks ready for a potential ride, but breakout confirmation is crucial before entering aggressively.
PSX:HCARLong
by mehranali92
Honda Atlas Cars (Pakistan) Ltd. (HCAR) – PSX technical AnalysisTechnical Analysis: Honda Atlas Cars (Pakistan) Ltd. (HCAR) – PSX Time Frame: Weekly Pattern: Consolidation Box with Trendline Support Pattern Observation HCAR has been trading in a sideways consolidation box for the last 490 days. The critical resistance for breakout is at Rs. 322. If price sustains above this level, the next move can target Rs. 407, and eventually extend towards Rs. 907 (historical high). The previous box breakout occurred in 371 days, suggesting long-term accumulation before a strong move. 📈 Trade Plan (after Box Breakout) Buy Stop: Rs. 428 Stop Loss (SL): Rs. 335 Take Profit Targets: TP1: Rs. 518 TP2: Rs. 559 TP3: Rs. 595 TP4: Rs. 704 TP5: Rs. 930 📊 RSI Divergence Indicator Current RSI = 54.10, showing mid-level momentum with room for upside. Historical bullish divergences (green) marked strong reversals from bottoms. Past bearish divergences (red) correctly aligned with tops. At present, RSI indicates neutrality but leans towards bullish continuation if breakout occurs. 🚀 Projection Path Breakout above 322 → move towards 407. From there, sequential upside targets at 518 → 559 → 595 → 704 → 930. Long-term potential to retest historical highs near Rs. 907–930. ⚠️ Risk Considerations Breakdown below Rs. 335 would invalidate the bullish setup. Extended consolidation may continue if the breakout doesn’t hold. Watch for weekly closing confirmation above resistance before entering. ✅ Conclusion: HCAR is in a prolonged consolidation phase on the weekly chart. A decisive breakout above Rs. 322 and confirmation at Rs. 428 can unlock a strong upside rally with multi-level targets, potentially retesting Rs. 900+.
PSX:HCARLong
by Musarrat_karamat
HCAR LONG TRADEHCAR has been in Bearish Channel which actually acts as Bull Flag. It went below the channel in false breakdown to facilitate Selling Climax which is transfer of possession from Weak Hands ( Individuals ) to Strong Hands ( Institutions ). This process and its components are actually a fuel for future uptrend. Low Wave volume during Selling Climax/ Bear Trap are signs of Fake Breakdown to influence weak hands to sell their shares so that institutions have ownership during uptrend BUY HCAR 290-300 TP1 320 TP2 340 SL BELOW 280
PSX:HCARLong
by THE-CHART-ALCHEMIST
HCAR Stock Buying Strategy HCAR Buying Opportunity: Key Levels: 1. Current price: 314 2. Buy zone: Below 300 3. Stop loss: 282 4. Targets: 324, 338, and final target 348 Strategy: 1. Buy on weakness: Enter the trade if the price dips below 300. 2. Risk management: Set a stop loss at 282. 3. Profit targets: Aim for 324, 338, and 348. Considerations: 1. Market conditions: Monitor market trends and news. 2. Risk tolerance: Adjust position size according to risk appetite. This strategy is based on the provided information. Always conduct your own research and consider consulting a financial advisor before making investment decisions.
PSX:HCARLong
by PSX_TradeWithTrend
Buy HCARHCAR after completing its Elliott Wave cycle in December 2023 has gone into complex correction. First phase of correction completed with type ABC Irregular Failure following all rules both price and time-wise. Now it is forming its second phase of correction with contracting triangle. It has fulfilled its criteria for formation of e-wave. It can start its trending move any time at the levels 289-278. However, there are also chances that e-wave may go further into formation of another small triangle. In that case, this small triangle will be formed without affecting price level to the down-side. It is matter of time only that HCAR may start its upward move towards 417. BUY @ cmp is recommended.
PSX:HCAR
by kashif493
HCAR - LongThe auto sector as a whole has seen movement, but HCAR has yet to perform, primarily due to the lack of new product launches, making it less competitive against peers. However, sales for the January–March quarter have shown a significant increase , which is expected to reflect positively in profitability. From a technical perspective, the stock needs to close above 312 with a strong green candle to gain momentum. All target levels are marked on the chart. Please conduct your own research before making any investment decisions.
PSX:HCARLong
by Fahim-ahmed
HCAR | Expected 100 Rupee Gain!Take a look at what we have here! I believe we can all agree that this chart is quite intriguing. HCAR is showing bullish momentum after an uptrend making higher highs and higher lows pattern. The price is currently retesting for establishing its low. A possible pullback might be expected in its price action. We’re likely to see a new bullish wave towards 400 level which is almost 33% gain but I believe there’s potential for significantly more growth in the months ahead. Thank you so much for your continued support. Let’s ride this bullish wave together!
PSX:HCARLong
by mbaberhanif
1
KSE 100 - HCAR - long or short?HCAR is currently in a strong bullish trend, with no signs of a reversal yet. The price is still showing upward momentum, and the trend remains intact. At the current level, it presents a good buying opportunity. Entry: Buy at the current price level. Stop Loss: Set at 263 to manage risk. Take Profit: Target 398, with potential further movement towards 400, where the AB=CD pattern completes and aligns with a key resistance level. The AB=CD pattern completion at 400 suggests that this area may act as resistance, so it’s critical to watch price action closely as it approaches this level. However, the overall trend is still bullish, and as long as the price remains above the 263 support level, the upward momentum should continue.
PSX:HCARLong
by Khaleejtajir