Wednesday, October 8, 2014

Technical Analysis 6: HSIL Ltd.

7-Oct-2014

Last closing price (7-Oct-2014): Rs. 373 (BSE)

Click on the chart for enlarged view.

HSIL Ltd has formed an Upflag with the break out candle on daily closing on 7th Oct. Expecting the stock to reach the target price of Rs.480 by November first week. This stock has been on an uptrend since April with minor corrections on its way.

Closing price on BSE:  Rs. 373
Date Identified: 7-Oct-2014
Target: Rs. 480
Stop Loss: Rs.366 
Duration: 4 weeks

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