HEXIND - Need continuous bullish momentum P wave, entry on P wave B/O
Price to stay above Kumo, indicating a potential bullish momentum.
Kijun-Sen is flat, and the Tenkan-Sen is sloping upward, which shows that the momentum might be shifting, but the breakout is crucial for a confirmed signal.
The Chikou-Span is just crossing the price, which might support a bullish breakout.
The price is forming a contracting triangle with point D at the resistance line (0.445), and the next crucial area is at point E (0.430).
The breakout above the triangle pattern’s upper trendline would suggest a bullish continuation.
Enter on the breakout at 0.445. Wait for confirmation with a daily close above this level to avoid false breakouts.
With an entry near 0.445, stop-loss at 0.385, and TP1 at 0.490, the risk-to-reward ratio is approximately 0.6:1 (for TP1). For TP2 and Max TP, the risk-reward improves significantly.
This setup offers a strong risk-to-reward ratio, but it's crucial to watch for a clean breakout above the triangle pattern for confirmation.
Note:
1. Analysis for education purposes only.
2. Trade at your own risk.
HEXIND trade ideas
Hexind: Possible 0.490?Eventhough the chart pattern was not my favourite and mystyle of stock selection i'm try predicting this stock too. Based on current trend and technical analysis i'm expecting it can move higher targetting 0.49 soon. Remember to look for strong support below that can be as a safe point for ur stoploss.
Tayor!
MY: Hexind analysis 09.11.23Hexind looks at bottom fishing. High Risk traders can fish at 0.39. Potential 50%-80% upside from this price. Low risk traders, can wait until it breaks resistance before enter any trade.
P/S: This is not Buy/Sell call. All analysis is based on personal TA. Please due diligence before enter any trades.
Ready to rebound?Monthly chart of HEXIND showing price has been discounting/retracing until 50% Fibo after breaking to all new time high. What do you think when there is a sale 50% of a product? That means to attract buyers right? Sell volume looks has diminished and buyers could anytime come in. 0.460 is pivot area and could become SBR. TAYOR.
Hexind wait for retracementHexind volume has been soften. This could be a potential to wait for a retracement at reverse fib 0.382 at price RM 0.465.
Expecting a long position from Support RM 0.43. Low risk trader can look for Entry around this price. High Risk from 0.465. Target price Rm 0.615.
Not a buy/sell call. Do your own research before gives any entry. Good Luck traders.
HEXIND VCP SetupHEXIND developed VCP with below contraction on the left:
C1: -21%
C2: -14%
C3: -5%
C4: -4%
On the right, price breakout with volume on 2 Sep. Correction occur to test new support on 12, 13, 14 Sep.
After correction, price and volume setup again with 6.5% RISK.
Let's see how it will develop.
Can refer to my previous VCP sharing link below for CFM, GAMUDA...
Disclaimer:
Information presented here is not intended to be used as the sole basis of any investment decisions nor should it be construed as advice designed to meet the investment need of any investor. Trade at your own risk.
A Divergence Signal!At the previous price, the candlestick pattern indicates an accumulative phase without continuous buying pressure and significate volume on the previous trade. With the recent trade, the candlestick closed above the MA20 line without being backed by volume where it's below the MA20 line.
The RSI indicators indicate a fresh buying interest backed by a price candlestick that is closed above the MA20 line.
Interesting to see where MACD and OBV indicators indicate a divergence signal. Hence, align with the candlestick uptrend signal towards the next resistance.
Let's save HEXIND in WL and watch out for significant price movement backed by volume towards price resistance.
R 0.425
S 0.380
HEXINDThis stock with momentum is generated using a FIFO B signal with a build-up in trading volume and price.
This is not a buy or sell recommendation. It merely tells you which this stock is seeing higher potential to move uptrend with relatively strong momentum.
The share price may move up or down from this point. Note also that momentum generally only persists for a short period of time.
However, this stock has an accompanying fundamental score and valuation score to help users evaluate the attractiveness of the stocks if they want to ride the momentum.
HEXIND created saucer patternIf not successful past the strong resistance level at 0.40. Will the consolidation phase happen again? .. hope not!
Disclaimer
Any information contained in this page should be considered as general information, research and learning only. I am not responsible for any actions and decisions made based on the information from this page. Thank you
#TAYOR
<TradeVSA> Strength at Support in SCH GroupStrength in the chart:
1. Increasing volume with Line Change
2. Low volume in downbar in hourly chart
3. Supported with spring
4. Likely to test resistance soon
Send us your preference stock to review based on TradeVSA chart by comment at below.
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
