HUBC - Hub Power Company Ltd, Weekly TF , AnalysisHUBCO - On weekly candles chart, is posting very large red candle so far. Such huge candle indicates dumping in big numbers. I'm inclined to refrain from buying till it touches Buy2 price close to 113. If it crosses key support level, then I'm out by initiating Sell through Stop Loss. Then I'll wait to buy it once it touches yellow lines.
I also add that RSI momentum indicator indicates Bears are in control and still there is further room to go bearish.
TPs have been set at key levels where market tend to book profit after which is small dip is always seen.
LONG Buy Call
Buy 1 : 120.34
Buy 2 : 113.82
SL: 104.41
TP1: 155.00
TP2: 165.00
TP3: 185.00
HUBC trade ideas
HUBC -PSX - LONG Buy CallHUBCO is retracing and it may bounce back from its support level is at 126.45 .
On Weekly time frame it is also evident that selling is on for booking profits by big fishes. Since market sentiments are also a bit negative, therefore, chances are that it will test support level of 109 as well.
So first Buy Call at 126.45 to 127 will fetch very good returns. And if price still falls then next support level is at 109.55. Second Buy at that price is even better.
On Daily time frame RSI momentum indicator suggest that momentum is on Selling side and since there is no RSI divergence yet, therefore, Buy 2 is quite possible at 109.5 zone.
Expected gains are almost 70% on NAV value and if we add expected earnings and dividends then even 100% is possible.
HUBC----- buying near 126-----132The Hub Power Company Limited was incorporated in Pakistan on August 1, 1991 as a public limited company. The principal activities of the Company are to develop, own, operate and maintain power stations. The Company owns an oil-fired power station of 1,200 MW (net) in Balochistan (Hub plant).
Fundatmental analysis
HUBCO have book value of 161 now its trading under its book value and its latest earning per share is Earnings
Latest EPS Upto 2024 4Q Rs. 53.98
EPS Last Quarter 2024 4Q Rs. 15.78
Dividend: 85% annonce on 18 september
COGR last 5 years CAGR 19.94% Growth/Year
technical
Trend is making higher high and higher low now trend came to Fib 0.6 level and 50 ema and monthly resistance now more chances of trend goes in bullish
Eye Keypoints for Potential Reversal (Technicals + Fundamentals)In the past several weeks, we've observed the following market movements:
1. First Uptrend: Over 23 weeks (161 days), the price increased from around 64 to 124 with a substantial volume of 438.94M.
2. First Downtrend: Following this, the price declined over 11 weeks (77 days) from 124 to 108, with a volume of 237.994M.
3. Second Uptrend: The price then rebounded over 18 weeks (126 days) from 107 to 168, supported by a volume of 319.661M.
Currently, we are in the 11th week of the latest downtrend, where the price has decreased from 168 to around 140, with a volume of 282.442M.
Key Insights:
The current downtrend mirrors the previous downtrend in duration (11 weeks) and volume.
The proximity of the current volume to past downtrends suggests we may be nearing a reversal point.
If historical patterns hold, we might anticipate a potential price rebound beginning within the next week or two.
Next Steps:
Monitor for an increase in volume (towards the 300M+ range) to confirm a reversal signal.
Target a potential price high of around 200 to complete this cycle if the upward trend resumes.
Furthermore , if we expect a dividend of 30 Rs next year and the expected interest rate is 15% , then the target price based on the dividend can also be calculated as follows:
Target Price = Expected Next Year Dividend / Expected Next Year Interest Rate
Target Price = 30 / 0.15 = 200 Rs
Conclusion:
While the current short-term trend is bearish (11 bars area), the increased volume hints at a possible reversal soon. With a projected dividend of 30 Rs next year and an expected interest rate of 15%, the target price based on dividends would be 200 Rs. This fundamental target supports the technical signals suggesting potential upward movement. Proper risk management and self-study should be incorporated.
Hubco Down Trend Analysis - 16th to 20th SeptemberHubco Down Trend Analysis
Warning: If selling pressure continues to push the price below $0.23, avoid buying.
Best Buy Area: The ideal buying zone is above $0.5.
Validity: This analysis is my personal view and is valid until September 20th, 2024.
Feedback Welcome: If you're reading this after the validity period, feel free to test the analysis and share your feedback. Your input is appreciated!
HUBC Monthly chart :longHUBCO has broken the high made in Feb 2017 of 140.40 in May 2024
135.88 to 140.40 is the support area which will be the entry point
Target price will be 224
Stop loss is 107
This is a monthly chart , might need to hold for a year as an investment
Profit Percentage: 224-146= 78/146 = 53%
HUBC - Short Sell and then Buy after booking Profit.HUBCO is retracing and it may bounce back from its bullish trend line at around 143. However, if trend line is broken then its next support level is at 127 . On Weekly time frame it is also evident that selling is on for booking profits by big fishes.
So one can enjoy double ride i.e. Short Sell at 142 and Take Profit at around 130.
Then Buy at 127 and TP at appropriate level will fetch very good returns.
HUBC🚀 Stock Alert: HUBC
📈 Investment View: Technically Bullish 📈
🔍 Quick Info:
📈 Entry Range: 115
🎯 Targets : 130
⚠ Stop Loss: 110
⏳ Nature of Trade: Short Term (Scalping)
📉 Risk Level: Medium
☪ Shariah Compliant: YES
💰 Dividend Paying: YES
📰 Technical View: Establishing bullish momentum. Can test ascending trend line around 130. Stop loss can be placed below 110.
HUBC - BEARISH REVERSAL WITHIN A BULL FLAG
HUBC is currently trading within a Bull Flag pattern, with the price encountering resistance below 118.30. Multiple resistance levels are preventing a breakout from the flag resistance zone. The price appears poised for a bearish reversal towards the levels of 111.80 to 102.70. It is probable that the flag channel's bottom support around 104 / 102 levels will be tested.
Consider selling with a STOPBUY set above 119.
Targets: 112.70, 111.30, 108.00, and 104.