HIMADRI SPECIALTY CHEMICAL --- LONG TERM - BULLISH

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HIMADRI SPECIALTY CHEMICAL (HSCL) is an Established Brand with strong proven track record in specialty chemical , India's only fully integrated carbon chemical plant .

TECHNICAL daily, weekly , monthly Chart is look bullish, as we discuss about multiyear monthly chart strong trendline breakout seen recently around
leve 48-50, consolidation seen around 50-60 level and, resistance breakout of this consolidation above 60 level also seen now in last 2-3 trading session, so this indication of strong trend reversal at 60 level ..bullish formation on chart to see upside target 80-100-120 .

Bullish RSI and MACD above center and signal line at daily chart.

FUNDAMNTAL of co is positive since co in profit QOQ and YOY but this quarter some decline in profit margin is seen.

BUY HSCL @ 63

TARGET - 80 -100- 120

STOP LOSS 39


THIS STOCK IS BETTER FOR SHORT--MID--LONG TERM .. But keep track on quarter results if one having mid -long term view. ! potentail upside can be 20-30% (1-2 month) short term and 50-80 % in long term ( upto 1 year )

** THIS IDEA IS FOR EDUCATIONAL PURPOSE..please do own analysis and take call at own risk !
** VIEWS for or against of anlysis welcome..

HAPPY TRADING . !!




Anmerkung
Hourly chart RSI above 60 ..bullish !
Anmerkung
RSI above 60 at hourly chart means boom boom blast .!
Anmerkung
strong Up move in few days if closing above 66 today
Anmerkung
himadri speciality strong resistance at 69 and support 60-62 ..TRADE WITHIN THIS AREA few session breakout above 69 will be bullish again 09/02/2022
Bullish PatternschemicalhimadriLONGSPECIALITYTERMTrend Analysis

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