#HMVL CMP103.90 #TARGET 197 #RELIANCE #INFY #HDFC#KOTAKBANK #ITC

#HMVL
NSE: HMVL
Short Term Quick Profit
CMP 103.90
Target 157.90
SL : 78.05
Timeframe < 60 Days
Can hold for longer time



Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.