Well Amogh as i have said earlier in my posts also i dont know what are the fundamentals driving any stock but the charts are all the information that i have.
I think HOPFL is a really undervalued stock so i had been keeping a constant vigil on it to see when it stops its downtrend.
Since last some days i noticed that the 50 Day EMA has stopped falling and 20 day ema is turning up to cross the 50 day ema i have already started taking positions, expect a blow off move once 20 day ema crosses 50 day ema.
First resistance is at 300 once it closes above 300 for 2 days then i am expecting a second blow off move.
Once 300 is taken the stock might target for its listing price of 550
REGARDS
I think HOPFL is a really undervalued stock so i had been keeping a constant vigil on it to see when it stops its downtrend.
Since last some days i noticed that the 50 Day EMA has stopped falling and 20 day ema is turning up to cross the 50 day ema i have already started taking positions, expect a blow off move once 20 day ema crosses 50 day ema.
First resistance is at 300 once it closes above 300 for 2 days then i am expecting a second blow off move.
Once 300 is taken the stock might target for its listing price of 550
REGARDS