HCC Stock Rally Potential: Technical Analysis Indicates Upside
Can HCC extend its rally? Technical charts point to further upside, says Kkunal V. Parar
Image: The Economic Times
HCC's stock has broken above a key trendline, suggesting a potential rally. Kkunal V. Parar from Choice Broking advises traders to buy with a target of ₹30 in the coming weeks.
- 01HCC stock has surpassed the upper trendline of a Triangle formation, indicating positive momentum.
- 02This breakout is considered a significant technical development for the stock.
- 03Kkunal V. Parar, Vice-President of Technical Research at Choice Broking, suggests a target price of ₹30.
- 04The recommendation is aimed at traders looking for short-term gains.
- 05The expected timeframe for achieving this target is within the next few weeks.
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HCC's stock has recently broken out above the upper trendline of a Triangle formation, marking a positive technical development that suggests further upward movement. Kkunal V. Parar, Vice-President of Technical Research and Algo at Choice Broking, has indicated that traders should consider buying the stock, with a target price set at ₹30 in the upcoming weeks. This analysis highlights the potential for continued gains in HCC's stock price based on current technical indicators.
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