📊 HBL Engineering Ltd – Bullish Breakout from Rising Wedge
The stock is showing strong bullish momentum after breaking out from a rising wedge consolidation pattern, supported by increasing buying interest and positive price structure.
🔎 Technical Observations:
• Strong recovery after prolonged correction phase
• Rising wedge breakout with bullish candle confirmation
• Formation of higher highs & higher lows
• Price sustaining above important support zones
• Momentum indicators turning sharply positive
🔑 Key Levels to Watch:
• Immediate Support: ₹800 – ₹780
• Major Support: ₹740 – ₹700
• Immediate Resistance: ₹850 – ₹885
🚀 Upside Targets:
• ₹930
• ₹985
• ₹1040+
📉 Risk Scenario:
Breakdown below ₹780 may weaken the bullish momentum and lead to profit booking pressure.
📈 Trading View:
👉 Stock is showing strong breakout continuation with bullish momentum
👉 Sustained move above ₹885 can trigger fresh upside rally
⚠️ For educational purposes only. Not a buy/sell recommendation.
— AALGO BREATHS 📊