HP ADHESIVES LTDPanjang
HPAL - Weekly Chart Analysis, CMP-117.75
After breaking it out of the resistance/supply zone 91-101, it didn't sustained and started consolidating around the zone. So the previous resistance now acted as a support zone.
After consolidating for 21weeks in 22% range it had finally came out with good volumes support.
It is well trading above all its key moving averages too.
Still we shall consider 91-101 as the main support. (106-109) are the minor ones though. So you can keep the risks in check. Below this our view is invalid.
132 - 145 - 162 - 209 are the levels it can test probably over the long term.
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
After consolidating for 21weeks in 22% range it had finally came out with good volumes support.
It is well trading above all its key moving averages too.
Still we shall consider 91-101 as the main support. (106-109) are the minor ones though. So you can keep the risks in check. Below this our view is invalid.
132 - 145 - 162 - 209 are the levels it can test probably over the long term.
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.