HGS trade ideas
HGS primed for breakoutThe idea here is about HGS ( Hinduja Global Solutions).
Mentioned below are the points to be considered
Points as per TA on a Weekly Chart:
1. Crab Pattern Completed.
2. Cup formation under completion with today’s trading, wait for pull back & break above the current resistance as per chart.
3. Trading way above on 50, 20 & 200 EMA on weekly chart.
4. Resistance on Kumo cloud on a weekly chart & currently consolidating.
5. RSI is at 71.11 on a weekly Chart at the time of publishing.
6. MACD above signal line.
7. Hull Moving Average is a Buy Signal on Daily, weekly & monthly chart.
8. If Price breaks above the resistance then cup & handle formation in invalid.
Projected targets as per Crab pattern & cup and handle provided in the chart.
Stop Loss: provided on chart.
Disclaimer: “The above is an idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”.
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Hinduja Global Solution (HGS) StockHGS Stocks Breakout after 3months Consolidation in Rectangle Channel and pull back we can buy positionally with minimum risk (RR favorable) stock have trade in high movement area and RSI 60 Support. Before investment please guide your finance adviser this is only education purpose.
HGS Daily Breakout - Watch out for trend direction next 2-3 daysHGS break out of the wedge pattern yesterday and formed a bottoming tail, which is bulling. Volume has been above average last 2 days, showing some strength. Likely chances to fill the gap upside at 3236 from current price, as shown in green highlighter. If it fails to move upwards and comes back in the wedge pattern, it will first fill the gap down at 2788 and then it will hit the lower trend line of the wedge and will try to break out again to fill the gap at 3236. If it breaks above the 3236 it will test the all high prices and beyond. Watch out the trend for next 2-3 trading days.