HCAR forming "Cup & Handle" in Daily Time Frame, can go up to 440
Anmerkung
HCAR (Honda Atlas Cars) is on fire today.Live snapshot (PSX Terminal, most recent)
- Price: Rs 261.98, up +10.00% (+23.82) — that's hit the upper circuit/lock
- Day range: Rs 238.00 – 261.98
- Volume: ~2.71M shares, Value: Rs 694.33M
- Market cap: ~Rs 37.4B
Note there's some discrepancy across sources (Sarmaaya shows ~264-270, TradingView shows a lower level) — this is normal since different vendors have small lags, but the PSX Terminal feed showing a full +10% circuit hit on strong volume is the standout signal right now.
What's likely driving it:
- HCAR just held its 34th AGM (resolutions passed June 29, 2026) and recently announced a Rs 9.00/share dividend (ex-date June 15, 2026) — one of its higher payouts in recent years, up from Rs 6.80 last year and Rs 5.53 the year before. Rising dividends usually reflect improving earnings.
- Full-year FY2025 fundamentals were strong too: revenue grew 41.75% to Rs 78.07 billion, with earnings up 16.08% to Rs 2.71 billion.
- A new Company Secretary appointment was also just filed (July 1, 2026) — routine corporate action, not price-moving on its own.
Technical context (from trader commentary, take with a grain of salt since these are third-party calls, not verified signals):
- The stock has been basing in a long sideways range for a while — TradingView analysts flagged a weekly consolidation box, with resistance around Rs 322, and separately a symmetric triangle/pennant pattern where a monthly close above Rs 310 would confirm a breakout toward the 350+ zone.
- 52-week range has been roughly Rs 147–321, so today's move puts it back near the upper-middle of that band, not at all-time highs.
Momentum-trader read: A clean +10% circuit-hit on 2.7M+ shares volume (well above typical turnover) is a genuine breakout signal — but chasing a stock that's already locked up for the day is risky; you'd typically watch for continuation (does it open near the lock tomorrow and hold?) or a pullback to the Rs 240–250 zone as a safer entry, with a stop below Rs 238 (today's low).
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.