BULLISH REVERSAL SETUP SEEN IN HBL ENGINEERING LTD📊 StockTrade Setup Details
Name: NSE:HBLENGINE HBL Engineering Ltd.
Exchange: NSE (National Stock Exchange, India)
📈 Current Market Price (CMP): ₹527.85
💡 Key Levels:
🚀 Entry Point: ₹494.40
Buy when the price reaches this level (near support).
❌ Stop-Loss (SL): ₹472.25
Exit if the price drops below this level to minimize losses.
🏁 Take-Profit (TP) Levels:
TP1: ₹518.65 🏆 (First conservative target).
TP2: ₹594.40 🥈 (Moderate profit zone).
TP3: ₹702.50 🥇 (Aggressive target for maximum gain).
⚖️ Risk-to-Reward Ratio (RRR):
Risk:
Entry to SL: ₹494.40 - ₹472.25 = ₹22.15
Reward:
TP1: ₹24.25 ➡️ RRR ~ 1:1.1
TP2: ₹100.00 ➡️ RRR ~ 1:4.5
TP3: ₹208.10 ➡️ RRR ~ 1:9.4
📈 Technical Observations
📉 Trend Analysis:
A sharp bearish move recently (large red candle).
Anticipating a bullish reversal from the support zone.
🛠️ Support Levels:
Zone: ₹472 – ₹494
SL is placed slightly below this zone for risk management.
📏 Resistance Levels:
TP1: ₹518.65
TP2: ₹594.40
TP3: ₹702.50
Extended Target: ₹740.35
📊 Volume: Moderate to high volume shows active trading interest.
🔴Disclaimer:
I am not a SEBI-registered advisor. Investments and securities are subject to market risk. Please Read carefully this idea.This analysis and the suggested levels are for educational purposes only Trade responsibly and at your own risk.
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