HINDUSTAN HARDY PRICE ACTION TRADE

21 Jan 2022

HINDHARD Broke out of a multi-decade old resistance of 190 levels and started consolidating in an ascending triangle pattern from which it broke out.

There seems to be heavy profit booking at the moment. One can enter after price makes a green candle.
Low volume script, volatility is extremely high.

Breakout volumes look very bullish. Track closely and enter accordingly.

Targets: 450/500/600
Sl: below the trendline (below 300)

High risk high reward trade. Script is also known to move in circuits. Safe traders can skip this trade.

Position size according to entry price. HAPPY TRADING!