HSIL Ltd on a daily chart stock price is making
higher high and higher low pattern, with increase in volumes. Also, we
witnessed stock price is trading above the 20 DMA, indicate stock is well
placed above the support level. On daily chart stock price, has given the breakout
at Rs. 353 level, of symmetrical triangle pattern, indicate rally will continue
towards north, which will take it towards previous high swings.
If one were to go by the
volume data, a higher upswing is seen on the stock price. Trader or investor
can accumulate at Rs. 353 for the target of Rs.380 levels, with Rs 340 stop
loss on closing basis.
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