SWING IDEA - HBL POWER SYSTEMS
Updated
HBL Power Systems, a leading battery and power systems manufacturer, is exhibiting technical signals that suggest a promising swing trading opportunity.
Reasons are listed below :
Target - 655 // 755
Stoploss - weekly close below 495
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Reasons are listed below :
- Break of Symmetrical Triangle Pattern: The price has broken out of a symmetrical triangle pattern, indicating a potential bullish trend continuation.
- Bullish Engulfing Candle on Weekly Timeframe: The recent formation of a bullish engulfing candle on the weekly chart suggests strong buying pressure and the potential for further upward movement.
- Closed Above 560 Resistance: The stock has closed above the 560 level, which was a crucial resistance zone, indicating strong bullish momentum.
- Higher Highs: The stock is consistently making higher highs, reinforcing the strength of the upward trend.
- Trading Above 50 and 200 EMA on Weekly Timeframe: The stock is trading above both the 50-week and 200-week exponential moving averages (EMA), reinforcing the bullish sentiment and providing strong support levels.
- Trading at All-Time High: The stock is trading at its all-time high, suggesting strong market confidence and potential for further gains.
Target - 655 // 755
Stoploss - weekly close below 495
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Note
Achieved 8%++Note
Made a high of 13%++, close to our 1st targetHOLD!
Trade closed: target reached
1st target achieved : 20%+Note
hold!Note
hold!Note
trend intact, hold!Note
hold for 2nd target!Note
Made a high of 27%++
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