Investors have paid higher prices over time to buy HBL Power Systems Limited and the stock is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The stock is moving within a rectangle formation between support at 92.62 and resistance at 113. A decisive break through one of these levels indicates the new direction for the stock. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the stock has support at approximately 100 rupee. The stock is overall assessed as technically positive for the medium long term.
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