Himadri Speciality Chemical Ltd.
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HSCL - decoding price action

605
HSCL

Weekly:
  • Price above all EMA/s
  • Price went up massive rally followed by a healthy pullback and then consolidating
  • Consolidation is a year long so price near 52 w High
  • Global tension not let price draw down


Daily:
Price above all EMA/s suggest strength on chart
  • Range high is reversing price with low vol, indicating passive sell orders
  • Range Low reversing price with good or healthy volume indicating strong hands accumulating on every dip
  • Last dip followed by rally had high volume indicating soon it will be break tested/ exhausted Upper range
  • Soon may be we witness healthy break out in this stock


Trading ideology :
1. Buy small on CMP
2. If price will take little pull back, add more qty from gray area to have better risk management
3. If price will start follow through above current peak, add some more qty with target upper black line
4. If we get chance as per point 2, and price move up, add more from pullback after upper black line hit and hold as mid or long term
5. This way with split buying, we may lower the risk and churn good profit in long way
6. Never put all the free cash at same time nor in split. Risk management maths decides the quantity in each buying.

Warning:
Trading without knowledge depth, experience and proper risk management may be harmful. I am not a registered analyst, here I am only sharing my view to trading communities, this is not any kind of buy sell recommendation.
Do consult your financial advisor prior any trade.
交易结束:到达目标
1:6 Target achieved. Closing it without any greed.
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