HSCL has been respecting a key resistance level for nearly the past one year, failing to break above it on multiple occasions. This marks the sixth time the price is approaching the same resistance zone.What stands out in the current setup is the noticeable increase in trading volume compared to previous attempts. Rising volume near resistance often indicates stronger participation and growing buying interest, which can improve the probability of a breakout.
If the stock manages to break and sustain above this resistance level, it could signal a potential shift in momentum and open the door for further upside. However, a confirmed breakout with follow-through will be crucial to validate this move.
Disclaimer: This analysis is for educational purposes only and should not be considered as financial or investment advice. Please do your own research or consult a financial advisor before making any trading decisions.
Trade active
Breakout Confirmed
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.