HINO is in uptrend since Sep 2023. Then it entered Wyckoff Re-Accumulation Phase from Feb 2024 till Nov 2024. It broke out of this Re-Accumulation Phase with asserted Volume Gradient in Dec 2024-made a high of 545 and started trading in a downward channel which is a bull flag as per price action principles. It also retested the Breakout at the OB causing the Breakout, made a SPRG at newly established support level and plotted HH and HL. With all above aspects factored in, we foresee an impending up move.
🚨 TECHNICAL BUY CALL – HINO 🚨
🎯 BUY ZONE: Rs. 390-410
📈 TP1 : Rs. 440
📈 TP2 : Rs. 466
🛑 STOP LOSS: BELOW Rs. 368 (Daily Close)
📊 RISK-REWARD: High Conviction | 1:3
Caution: Please buy in 3 parts in buying range. Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
PLEASE BOOST AND SHARE THE IDEA IF YOU FIND IT HELPFUL.
🚨 TECHNICAL BUY CALL – HINO 🚨
🎯 BUY ZONE: Rs. 390-410
📈 TP1 : Rs. 440
📈 TP2 : Rs. 466
🛑 STOP LOSS: BELOW Rs. 368 (Daily Close)
📊 RISK-REWARD: High Conviction | 1:3
Caution: Please buy in 3 parts in buying range. Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
PLEASE BOOST AND SHARE THE IDEA IF YOU FIND IT HELPFUL.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.