HBL Power has been a well discussed company on VP. Its weekly chart shows an interesting pattern similar to something seen before in Usha martin. After crossing a major resistance of 76 which was its all time high ( in case of Usha it was multiyear high of 106.5) stock price shot up and corrected and has been consolidating within a symmetrical triangle. Breakout point for this is around 115 and the maximum height of triangle is 35 rs. If and when breakout happens above 115, target can be close to 150. ( One can scroll back a few posts to find out similar pattern pointed out in usha martin before on this thread. ) disc: invested as disclosed before. (not a recommendation, discussed because of an interesting triangular pattern located at a very interesting juncture in its journey)
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