Monthly Support is around 210Currently at a Good Support Level
However, it needs to Cross & Sustain 240
for the Target of 285 - 289
HCAR trade ideas
📈 HCAR | Might be surprising!The price action has been consistently demonstrating rejection over the course of the past three consecutive days. Anticipation of a pullback is warranted from the support level of 200, which also signifies a crucial test of its ascending trend line. Positioned as a significant barrier, the resistance level rests at 240; a breach of this level may herald further upward momentum, while failure to surpass it may result in continued rejection. A prudent risk management strategy entails implementing a stop loss below 190, triggered by the breach of the trend line and support level.
HCARFollowing a pullback from the support level at 190.30, serving as the neckline in the head and shoulders pattern, the price now faces resistance in the range of 239-241 for the right shoulder. A break above this range could lead to a test of the upper trend line near 280. Conversely, a sustained break below the neckline would confirm the completion of the bearish head and shoulders pattern.
HCARSupport1 : 228 - 229
Support2 : 208 - 210
Wait for few Bullish Candles on these levels first;
Don't Rush to Jump-in
Resistance1 : 238 - 240
Resistance2 : 247 - 249
195 is an Important Level that should Not be Broken!
Otherwise, We may expect Trend Reversal.
HCAR is BullishHCAR is currently in strong bullish momentum and is printing new higher highs followed by higher lows. The trend is expected to continue further up. Targets are mentioned on the chart.
Symmetrical TriangleAs the chart does not have any divergence and it is making symmetrical triangle pattern, hence we can predict bullish pattern continuation
