HBL Engineering Ltd – Bullish Breakout from Rising Wedge

The stock is showing strong bullish momentum after breaking out from a rising wedge consolidation pattern, supported by increasing buying interest and positive price structure. 🔎 Technical Observations: • Strong recovery after prolonged correction phase • Rising wedge breakout with bullish candle confirmation • Formation of higher highs & higher lows • Price sustaining above important support zones • Momentum indicators turning sharply positive 🔑 Key Levels to Watch: • Immediate Support: ₹800 – ₹780 • Major Support: ₹740 – ₹700 • Immediate Resistance: ₹850 – ₹885 🚀 Upside Targets: • ₹930 • ₹985 • ₹1040+ 📉 Risk Scenario: Breakdown below ₹780 may weaken the bullish momentum and lead to profit booking pressure. 📈 Trading View: 👉 Stock is showing strong breakout continuation with bullish momentum 👉 Sustained move above ₹885 can trigger fresh upside rally ⚠️ For educational purposes only. Not a buy/sell recommendation. — AALGO BREATHS 📊