HARIOMPIPEHARIOMPIPE
weekly timeframe
i just shared my experience it is not an invite or recommendation to trade.
if youn any doubt means Please leave comments for any query.
best wishes
DYSON
HARIOMPIPE trade ideas
Key Support / Resistance Breakout - Swing TradeDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
Key Support & Resistance Breakout. Stock has give Breakout of Resistance level. Keep in watch list. Buy above the high. Suitable for Swing Trade. Stop loss & Target Shown on Chart.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think.
HARIOMPIPE: Correction done now ready for a retest of athHariompipe made a high of 859, after that retest of 744 levels. now can show again same 800-860 range
As it was facing resistance at 744 which has been taken out comfortably.
PS: Only for educational purposes. Not a buy / sell reco..
Hariom Pipe Industries Ltd. (NSE) Positional trade IdeaObservations:
Current Price: ₹764.40, with a 5.77% increase on the day.
Resistance and Support Levels:
Resistance near ₹800 (marked by the green horizontal line).
Support near ₹715 (marked by the red horizontal line).
Trend: The stock has been in an uptrend but appears to have corrected recently and is now bouncing off a support level.
Indicators:
The stock is trading close to its TEMA (Triple Exponential Moving Average) lines (TEMA 8, 13, 21).
The price has bounced near the support and may retest resistance levels soon.
Trade Ideas:
1. Long Position (Bullish Strategy):
Entry: If the stock sustains above ₹765 (current price), one can consider entering with the expectation of an upward move towards ₹800 and beyond.
Stop Loss: Place a stop loss around ₹715 (below the recent support line).
Target: First target at ₹800. If broken, the next resistance could be around ₹850-₹875, which may offer further upside potential.
2. Short Position (Bearish Strategy) if Support Breaks:
Entry: If the stock breaks below ₹715 and sustains, one can consider a short position.
Stop Loss: Place a stop loss around ₹765.
Target: First target near ₹680, with a potential further downside toward ₹650 if the bearish trend continues.
3. Wait for Breakout/Breakdown (Neutral Strategy):
If you prefer confirmation, you could wait for a clear breakout above ₹800 or a breakdown below ₹715 to initiate a trade.
Breakout Trade: Enter long above ₹800 for a target of ₹850+.
Breakdown Trade: Enter short below ₹715 for a target of ₹680 or lower.
Risk Management:
Keep your risk-to-reward ratio favorable, at least 1:2.
Stay alert for any macroeconomic news or sector-specific developments that might impact the stock’s price action.
HARIOMPIPE - BullishStock name - Hariom Pipe Industries Limited.
Weekly chart setup
Chart is self explanatory everything.
Master score - C
Disclaimer : This is for demonstration and education purpose only. This is not buying or selling recommendations. I'm not SEBI registered.
HARIOMPIPE1. Anything can happen.
2. You don't need to know what is going to happen next in order to make money.
3. There is a random distribution between wins and losses for any given set of variables that define an edge. No other thoughts
4. An edge is nothing more than an indication of a higher probability of one thing happening over another.
5. Every moment in the market is unique.
hariompipesthe stock look interesting with the tipical cup and handle pattern soon we may see the momentum in this
HARIOMPIPE: Strong ATH Breakout awaitedHARIOMPIPE: Breakout above 744 will ensure an All time high breakout and as per the depth of the previous swing low range, we may expect the next target towards 800-860.
It did one attempt but profit booking was seen, now we may see some good move if there is a good closing above 744.
disclaimer: Only for educational purposes. Not a buy or sell recommendation.
HARIOMPIPEAll the levels given on the chart
Disclaimer - Please DYOR, don't take any trade based on the above analysis.
IPO baseObserveations mentioned on charts.
nice contraction on 1 hour charts.
Demand clearly visible and good fundamentals as well.
Risk on this trade is 0.5% of Portfolio.
Only 1/3 order got filled.
Publishing for my own reference. Not an investment/trading advise.
