The 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”.
Do you like my TA & ideas!! then click on like and comment your thoughts.
Want to keep yourself updated with current market action? Then please follow my profile for more analysis.
Cheers.
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”.
Do you like my TA & ideas!! then click on like and comment your thoughts.
Want to keep yourself updated with current market action? Then please follow my profile for more analysis.
Cheers.