HUBC is good to buyHUBC showing increase in its revenue. P/E is good. Momentum is little bit less. Bullish Engulfing candle in Green rectangle is showing Buying zone. It is good to buy.
HUBC trade ideas
HUBC offers over 60% gain within next 12 monthsLong term Investors or long term swing traders should enter the stock's trade.
Cup and Handle formation on the monthly chart is in making
Monthly closing above 140.41 will expose the stock to post Historical Highest price around 224
SL should be placed below 93
TP1 could be placed at 189 by entering the trade at 141 while TP2 could be set at 237, while as per projections, Trade could be closed at 224
HUBC offers 35% gainTrade can be entered at 158 by placing SL @ 103 for a TP of 213.
The stock went into bearish trend as soon it broke out the HL around 141, thereafter it consistently posted new LHs and LLs. However, RSI made double bottom instead of making LLs, which indicated the potential reversal of trend.
If 158 being its LH is broken, the stock will be ready to again making new HHs and HLs.
HUBC -PSX - Technical AnalysisHUBC on Daily TF is going bullish. RSI momentum indicates a steady rise and hence prices are going up. KVO also is suggesting that trend is going upwards but still the real Bull run has not begin. Weekly channel has been drawn. Once, this weekly channel is broken upwards then the real bull run will kick-in.
Therefore, sensible trade plan will be to now (Buy-1) and then exist (TP-1) at upper weekly resistance line. Then if the price breaks the resistance, buy again (Buy-2).
Butterfly Harmonic pattern has also been drawn which if respected by the price, then the weekly upper resistance line will not be broken. In that case price will drop to point C where a new buy can be initiated (BUY-3).
LONG (Buy) Call
Buy-1 : 118.20
SL 1: 102
TP-1: 137.00
Buy-2 : 140
SL 2 : 135
TP-2: 165.00
BUY-3: 103
SL 3: 93
TP-3: 165
Long HUBCI would have bought 104.21 as its a monthly OB. But I was late so I will wait now for it to come back to an other OB below at 86.53 if it comes. I will wait for it then long at my price. No rush. Entry, SL and Exit all there. Manage your risk! #DYOR
I will update if it ever comes and fill my price. Will wait and see. Remember all my trades are spot no leverage. I buy shares and keep it.
HUBC is poised to make recovery and enter into bullish trendThe stock has recently broke its previous HH at 114 with heavy volumes and now poised to make another HH
Instant entry can be made here with SL of Rs. 103, with first TP of 127 and second TP of 140. Offering ~18% potential gains from these levels.
The stock has also made symmetrical triangle and broke out recently which further confirms its reversal pattern, however, the final projection of the symmetrical triangle would be Rs. 133.
Based on symmetrical pattern, the stock is still offering roughly about ~13%
HUBC Bullish ReversalHUBC , bullish divergence is spotted on daily chart, depicting a potential trend reversal pattern. wait for the entry level, target price is indicated on chart.
Watch for the Support Level119 - 120 may act as an Important Support.
It touched 120.22 on Friday.
However, Closing above 131 is Important to
Sustain.
Sustaining 131 may lead it towards 138 - 139
HUBC : 1H BULLISH REVERSAL PATTERNHUBC : Divergence between Price and RSI on Hourly chart depicting a probability of potential Bullish Reversal setup.
HUBCThis chart shows the price movement of HUB Power Company Limited (HUBC). The stock reached a peak price of approximately 170 PKR in late June 2024 but has experienced a significant decline since then, currently trading around 121.75 PKR. The recent sell-off appears strong, with a sharp drop over the past few weeks. The stock is nearing a support level around 120.50 PKR, which was last touched in late 2023. Volume spikes (highlighted) indicate heavy trading during key price changes.
HUBCThis chart shows the price movement of HUB Power Company Limited (HUBC) stock on the Pakistan Stock Exchange (PSX). The stock reached a peak price of approximately 170 PKR in late June 2024 but has experienced a significant decline since then, currently trading around 121.75 PKR. The recent sell-off appears strong, with a sharp drop over the past few weeks. The stock is nearing a support level around 120.50 PKR, which was last touched in late 2023. Volume spikes (highlighted) indicate heavy trading during key price changes.
HUBC - Hub Power Company Ltd, Weekly TF , AnalysisHUBCO - On weekly candles chart, is posting very large red candle so far. Such huge candle indicates dumping in big numbers. I'm inclined to refrain from buying till it touches Buy2 price close to 113. If it crosses key support level, then I'm out by initiating Sell through Stop Loss. Then I'll wait to buy it once it touches yellow lines.
I also add that RSI momentum indicator indicates Bears are in control and still there is further room to go bearish.
TPs have been set at key levels where market tend to book profit after which is small dip is always seen.
LONG Buy Call
Buy 1 : 120.34
Buy 2 : 113.82
SL: 104.41
TP1: 155.00
TP2: 165.00
TP3: 185.00
HUBC -PSX - LONG Buy CallHUBCO is retracing and it may bounce back from its support level is at 126.45 .
On Weekly time frame it is also evident that selling is on for booking profits by big fishes. Since market sentiments are also a bit negative, therefore, chances are that it will test support level of 109 as well.
So first Buy Call at 126.45 to 127 will fetch very good returns. And if price still falls then next support level is at 109.55. Second Buy at that price is even better.
On Daily time frame RSI momentum indicator suggest that momentum is on Selling side and since there is no RSI divergence yet, therefore, Buy 2 is quite possible at 109.5 zone.
Expected gains are almost 70% on NAV value and if we add expected earnings and dividends then even 100% is possible.
HUBC----- buying near 126-----132The Hub Power Company Limited was incorporated in Pakistan on August 1, 1991 as a public limited company. The principal activities of the Company are to develop, own, operate and maintain power stations. The Company owns an oil-fired power station of 1,200 MW (net) in Balochistan (Hub plant).
Fundatmental analysis
HUBCO have book value of 161 now its trading under its book value and its latest earning per share is Earnings
Latest EPS Upto 2024 4Q Rs. 53.98
EPS Last Quarter 2024 4Q Rs. 15.78
Dividend: 85% annonce on 18 september
COGR last 5 years CAGR 19.94% Growth/Year
technical
Trend is making higher high and higher low now trend came to Fib 0.6 level and 50 ema and monthly resistance now more chances of trend goes in bullish
HUBC best buy - Advance Analysis - 23 September 2024In my analysis
wait till price 134 to 133
if its turn back from this then buy other wise it will dorp more
so wait and hold dont buy in hurry
Eye Keypoints for Potential Reversal (Technicals + Fundamentals)In the past several weeks, we've observed the following market movements:
1. First Uptrend: Over 23 weeks (161 days), the price increased from around 64 to 124 with a substantial volume of 438.94M.
2. First Downtrend: Following this, the price declined over 11 weeks (77 days) from 124 to 108, with a volume of 237.994M.
3. Second Uptrend: The price then rebounded over 18 weeks (126 days) from 107 to 168, supported by a volume of 319.661M.
Currently, we are in the 11th week of the latest downtrend, where the price has decreased from 168 to around 140, with a volume of 282.442M.
Key Insights:
The current downtrend mirrors the previous downtrend in duration (11 weeks) and volume.
The proximity of the current volume to past downtrends suggests we may be nearing a reversal point.
If historical patterns hold, we might anticipate a potential price rebound beginning within the next week or two.
Next Steps:
Monitor for an increase in volume (towards the 300M+ range) to confirm a reversal signal.
Target a potential price high of around 200 to complete this cycle if the upward trend resumes.
Furthermore , if we expect a dividend of 30 Rs next year and the expected interest rate is 15% , then the target price based on the dividend can also be calculated as follows:
Target Price = Expected Next Year Dividend / Expected Next Year Interest Rate
Target Price = 30 / 0.15 = 200 Rs
Conclusion:
While the current short-term trend is bearish (11 bars area), the increased volume hints at a possible reversal soon. With a projected dividend of 30 Rs next year and an expected interest rate of 15%, the target price based on dividends would be 200 Rs. This fundamental target supports the technical signals suggesting potential upward movement. Proper risk management and self-study should be incorporated.
LongBullish on Weekly as well as Monthly TF.
Last Month, it tested its very important
support level around 140 - 142 & reversed.
Now 148 - 150 can be retest for next upside move.
However, 140 should not be broken.
HUBCHUBC currently trading in a parallel channel with the closing above 50-day SMA on the daily chart. The stock is in uptrend. MACD is showing a bullish signal, trading above its signal line. Initial support lies around 147 while resistance level defines around 157.
Hubco Down Trend Analysis - 16th to 20th SeptemberHubco Down Trend Analysis
Warning: If selling pressure continues to push the price below $0.23, avoid buying.
Best Buy Area: The ideal buying zone is above $0.5.
Validity: This analysis is my personal view and is valid until September 20th, 2024.
Feedback Welcome: If you're reading this after the validity period, feel free to test the analysis and share your feedback. Your input is appreciated!
PSX HUBC Range broken- 152 level breached
- Price has broken out of range with heavy volumes.
- In uptrend, new higher high formed.
- Bullish MACD
HUBC - BullishLarger Trend: Bullish
Smaller Trend: Bearish to Bullish
Range: In lower range
Anticipation Scenerios:
1. If price breaks Choch again buy and stoploss at previous LL.
2. If price tested buy demand again buy and stoploss at below buy zone
TP should be 1:1.5
