HLEGLAS BuyBuying Side Opportunity is found in this stock on Monthly Candle.
Stock is consolidating for more than 3 months and now approaching for upside breakout.
A classic Consolidation and Breakout Pattern.
Confidence Level - 90%
Entry range -> 540 to 570
Stop loss Range (Short-term - 530 & Long-term 500-460)
Note : Stop loss is based on your personal preference.
Target Ranges
Target 1 -> 680 - 700
Target 2 -> 750 -800
Target 3 -> 980 - 1000
Target 4 -> 1500++
NOTE : This is for educational purpose. I am not any SEBI Registered RA. Consult with you financial advisor before making any decision.
HLEGLAS
HLEGLAS - Bullish Momentum with VolumesNSE: HLEGLAS is closing with a bullish momentum 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 on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
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