HIL Daily.
Technically, stock seems to have:
- Broken out of almost 22 months downtrend (red line)
- Bottom formation after ~66% correction and broken out of a ‘sort’ of Inverse H&S pattern (blue line)
- Moved above 200 D EMA on good volume.
Fundamentally, margin has probably bottomed and is likely to improve along with higher revenue as per my interpretation of management replies in concall. Company still maintains $1 billion revenue target in 2026. New CEO joined from CK Birla group company 5 months back.
Historically, stock seems to trend quite cleanly above 200 D EMA without whipsaws once uptrend resumes after big corrections.
Disc: Invested 3% at ~3000 levels. Looking to ramp up if company delivers on quarterly result and momentum builds up in stock price.