HIMADRI SPECIALITY BOTTOM BREAKOUT 🎯2x
HSCL Broke out from a bottom consolidation region of 2 years after a sharp downtrend of 70%The consolidation is the pink rectangle on the chart.
Other bullish signs are exponential volume growth leading to the breakout and the price being above 30 week EMA.
A long term positional bet can be taken in this scrip for the next 6-12 months and beyond.
Has potential to double your money.
Targets: 80/100/120/130+
Place a deep initial sl below 50 and trail sl after a higher high and low.
Keep adding quantity on dips.
Patience is the key on positional trades. Scrip can consolidate for months and give 40% move in 1 week. 80% of momentum takes place only 20% of the time.
Position size accordingly. HAPPY TRADING!
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