Hathway Cable, possibility of rallyingHathway cable is coming to an interesting level....Long term support....a term that is loosely thrown around.....In this market no support is dependable.....Buy a stock at support and pray to the Trading Gods it will bounce.....In any case, prayers aside, Hathway Cable could bounce from here, I have initiated some buys, multiple sell orders till 75......start praying....
HATHWAY trade ideas
Can accumulate this stockHathway Cable has been on a downtrend for a while. While it has Jio holding a substantial portion of it, it hasn't rallied as expected. But my view is that it is coming to a critical zone, it has support of one of the biggest companies in India, its financials are quite decent. Buy a little with every dip, and what i drew on the chart is how I envision the stock may move. I hope I'm right, but hope doesn't work well in markets. Take a position in this stock at your own risk. The risk reward seems enticing and i'm buying at these levels and lower and will keep multiple sell orders till 60......Thats my strategy...All the best
hathwayposted a consolidated profit attributable to the owners of 345.7 million Indian rupees in the fiscal fourth quarter, rebounding from an attributable loss of 146.2 million rupees, according to an Indian bourse filing on Wednesday.
Earnings per share for the quarter ended March 31 came in at 0.20 rupees per share, versus loss per share of 0.08 rupees a year earlier.
Volume Breakout + Double Digit Stock - HATHWAY📊 Script: Hathway
📊 Sector: Telecomm-Service
📊 Industry: Telecommunications - Service Provider
Key highlights: 💡⚡
📈 Script is trading at upper band of BB and giving breakout of it.
📈 MACD is giving crossover .
📈 Double Moving Averages crossover soon.
📈 Volume is increasing along with price which indicates volume breakout
📈 Right now RSI is around 70..
📈 One can go for Positional Trade.
⏱️ C.M.P 📑💰- 26
🟢 Target 🎯🏆 - 36
⚠️ Stoploss ☠️🚫 - 21
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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#HATHWAY 20 Tgt 26 SL 18 (33%+) Buy Recommended - Rachit SethiaHATHWAY 20
TARGET 26++
SL 18
Return 33%++
RR > 3.7
TF < 8Months
Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
Part 3: Multibagger 2024,this stock will blasted this year!NSE: Hathway (1M)
Good consolidation before this upside move
We'll may see it on the resistance in coming months as from 2 Yrs Media sector don't gave any momentum so This year may gonna be boom for media.
NOTE: We are not SEBI registered. It's for knowledge purpose only. Consult to your financial adviser before take any trade.
Hathway Cable Good Volume 100% growth few months
Hathway cable stock stocks are good volume actions in a bottom range few year downtrend to convert a obtained uptrained the sloping downward channel breakout at 25 rupees the stocks are future growth urban develop The big player in TV network TV cable network so can reliance zero entity and they are start a new work for broadband distribution the broadband distributions are continue the old client and new client acquisition so the future growth are very positive and the stocks are few months deliver in 100 percent return the chart patterns are clearly show the stock price are bottom out and the volume growth growth are very wonderful and the companies are debt reduce negligible debt so the very good sign is the stock price grow and company growth and the major promoter are reliance jio entity the big player of telecommunications market so this company are big benefit for the growth and wonderful growth for the future.
HATHWAY: LAST HOPEs Hathway cable in falling wedge channels nd Formations indicates a further fall too.
Time frame : MONTHLY
Last Hopes - as base support at 09 10 along with DOUBLE & TRIPLE bottom formation possible too
📝 :- it's in early stage to say that major support hold the prices or not.
so for Fresh entry investors should wait for confirmation through positive volume till time avoid the entry.
Only bottom fishing members can go long With Strickly Stop at 10.
View- Just for educational purposes. do your own due diligence before take any action 🎬