📊 HBL Engineering Ltd – Strong Recovery After Downtrend
The stock is showing a clear reversal structure after a prolonged bearish phase, with price gaining momentum from lower levels.
🔎 Technical Observations:
• Prior downtrend with consistent lower highs & lower lows
• Base formation near key demand zone
• Strong bullish candles indicating buying interest
• Price moving above short-term moving averages
• Momentum indicators turning bullish
🔑 Key Levels to Watch:
• Immediate Support: ₹790 – ₹745
• Major Support: ₹710 – ₹670
• Immediate Resistance: ₹820 – ₹835
🚀 Upside Targets:
• ₹880
• ₹920
• ₹1000+
📉 Risk Scenario:
Breakdown below ₹745 may weaken the structure and lead to downside towards ₹710
📈 Trading View:
👉 Stock is in recovery phase with bullish momentum building
👉 Sustained move above ₹835 can trigger strong upside rally
⚠️ For educational purposes only. Not a buy/sell recommendation.
— AALGO BREATHS 📊