HCC Stock Breaks Out: Is It Time to Invest?
Stock Radar: HCC stock breaks out from a triangle formation; time to buy?
Image: The Economic Times
Hindustan Construction Company Ltd (HCC) has recently broken out from a triangular pattern, signaling potential upward movement. Experts suggest that short-term traders with a high-risk appetite may consider buying the stock, targeting levels around ₹30 in the coming weeks.
- 01HCC stock has broken out from the upper trendline of a triangular formation.
- 02Experts recommend buying for short-term traders with a high-risk profile.
- 03The stock previously hit a high of ₹31.45 on June 11, 2025.
- 04Current momentum suggests potential for further gains.
- 05Target price set at ₹30 in the upcoming weeks.
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Hindustan Construction Company Ltd (HCC) has recently experienced a breakout from the upper trendline of a triangular formation, indicating a potential upward trend for the stock. Analysts advise that short-term traders who are willing to take on higher risks should consider purchasing HCC shares, with a target price set around ₹30 in the next few weeks. The stock previously reached a high of ₹31.45 on June 11, 2025, but was unable to maintain that momentum, closing lower thereafter. Investors are optimistic about this new breakout and its implications for future price movements.
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Investors looking to capitalize on potential gains from HCC stock may influence trading volumes and market sentiment.
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