HCC share price soars 8% as Elara initiates coverage, sees 54% upside
₹63 per share on HCC, indicating a 54% rise from current levels. HCC share price today opened at an intraday low of ₹41.04 apiece on BSE, the stock touched an intraday high of ₹42.99 apiece.
According to Rajesh Bhosale - Equity Technical and Derivative Analyst, Angel One, the HCC share price has experienced a significant gap-up opening and is currently up by 7% with high trading volumes. Historically, the stock price has faced a crucial resistance around the 41 level, which has served as a supply zone for over a decade.
A sustained close above this level would indicate a long-term breakout, potentially driving the price towards target levels of 65 and subsequently 79, which correspond to reciprocal retracement levels. Conversely, the bullish gap around 41 now acts as key support.(more to come) Milestone Alert!
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