HSCL trade ideas
HIMADRI SPECIALTY - WEEKLY CHARTIts looking bullish, waiting for the HIMADRI SPECIALTY - WEEKLY CHART - to correct and then give us long opportunities.
buy low and sell high concept. buy at cheaper price and sell at expensive price.
Note: its my view only and its for educational purpose only. only who has got knowledge in this strategy will understand what to be done on this setup. based on my technical analysis only.
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hsclEstablished in 1990, Himadri Speciality Chemical is one of India’s largest integrated speciality carbon companies. Over the years, the Company has undergone massive transformation from a Coal Tar Pitch manufacturing company to being one of the world’s most extensive value chains in the Carbon segment.
The Company is a market leader and a significant player in multiple product segments like Coal Tar Pitch, Carbon Black, Naphthalene and Refined Naphthalene, Sulphonated Naphthalene Formaldehyde (SNF), and Speciality Oils, among others. The Company has diversified its product portfolio using the power of forward integration. This has empowered the Company to develop advance carbon material and other value-added speciality products.
Products and Industries
Products
Advanced Carbon Materials
Carbon Black
Coal Tar Pitch
Naphthalene Derivatives
SNF
PCE
Corrosion Protection
Speciality Oils
Power
Industries
Lithium - Ion Battery
Aluminium
Graphite
Infrastructure / Construction
Tyres
Mechanical Rubber Goods
Plastics
Dyes And Intermediaries
HSCL Looks good for positional trade.Aim for 5-8%. It can be easily achievable in 1-3 days.
My belief is to choose high winning probability trade with a risk-reward ratio going from 1:1 to 1:2.
The reason for booking profit of only 5-8% is because the market direction is not sure at this point. So better to aim for 1:1 risk-reward and rotate your money in better opportunities.
Take trade if all conditions meet at the end of the day 3:15-3:30 PM.
If you have any questions or suggestions, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
HSCL is ready to buy for positional trade.Aim for 8-12%. It can be easily achievable in 1-3 days.
My belief is to choose high winning probability trade with a risk-reward ratio going from 1:1 to 1:2.
The reason for booking profit of only 6-8% is because the market direction is not sure at this point. So better to aim for 1:1 risk-reward and rotate your money in better opportunities.
Take trade in between 3:20- 3:29 PM if it gives closing at the above-mentioned zone.
It is an analysis video. Take your decision on your own.
If you have any questions or suggestions, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
HIMADRI SPECIALITY BOTTOM BREAKOUT 🎯2xNSE:HSCL Broke out from a bottom consolidation region of 2 years after a sharp downtrend of 70%
The consolidation is the pink rectangle on the chart.
Other bullish signs are exponential volume growth leading to the breakout and the price being above 30 week EMA.
A long term positional bet can be taken in this scrip for the next 6-12 months and beyond.
Has potential to double your money.
Targets: 80/100/120/130+
Place a deep initial sl below 50 and trail sl after a higher high and low.
Keep adding quantity on dips.
Patience is the key on positional trades. Scrip can consolidate for months and give 40% move in 1 week. 80% of momentum takes place only 20% of the time.
Position size accordingly. HAPPY TRADING!