- summary:
- The HCC shares expand its gathering after securing the Tata 2,470 rupees. Can it break $ 28.34 and an increase of about 35 dollars?
Hindustan Construction Company (NSE: HCC) in a winning series, climbing higher for the second consecutive day after winning the contract of 2,470 rupees with Tata Power. The stock, which jumped 15 % yesterday, is trading in The Green today, indicating a strong purchase benefit. Currently, HCC tests the resistance level $ 28.34, and if the momentum is steadfast, the move may be about $ 35+ on the horizon.
Why does HCC shares rise?
The infrastructure deal with Tata Power HCC gave a big boost, strengthening its position in the prosperous construction sector in India. This contract adds to the HCC growing book, which provides stable opportunities for the future.
Investors believe this is a sign of strong business growth, which leads to an increase in the purchase of institutions and retail. Focusing on India on expanding infrastructure and energy projects, HCC is now in a major position to take advantage of the country’s economic expansion.
Technical penetration in the plans
- Current price: $ 27.51, $ 28.34 resistance test after a sharp upward trend.
- Resistance levels:
- $ 28.34 – immediate obstacle; The penetration can pay prices about 35.21 dollars.
- 41.45 dollars – $ 47.90 – the main bi -up goals if the momentum continues.
- Support levels:
- 22.53 dollars – strong support; Keeping above this reflection of trend can confirm.
- MACD Index: A climb, which indicates a potential upward continuation.
Final meals: Was HCC set on a larger gathering?
HCC’s impressive contract victory has sparked market interest, with strong technical pants, the arrow can prepare for constant penetration. If a convincing $ 28.34 is scanned, Bulls may pay to $ 35+ levels in the short term.
But if momentum stalls, $ 22.53 will be a key. Either way, with an infrastructure mutation in India in full swing, HCC appears to be ready to ride a wave – and investors have close attention!
