HPL / HPL Electric & Power Ltd - 5 Months tight consolidation br
HPL
1) Time Frame - Monthly. Kindly change the time frame to weekly for better understanding.
2) After consolidating at its IPO base level / Previous All Time High for 5 months the stock has broken out and closed with strong bullish candle & volume.
3) As It is a cup pattern breakout the target as per the cup pattern would come around the price (1860) in the long term.
4) Recommendation - Strong Buy
1) Time Frame - Monthly. Kindly change the time frame to weekly for better understanding.
2) After consolidating at its IPO base level / Previous All Time High for 5 months the stock has broken out and closed with strong bullish candle & volume.
3) As It is a cup pattern breakout the target as per the cup pattern would come around the price (1860) in the long term.
4) Recommendation - Strong Buy
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