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    Stock Radar: Multibagger in a year! This construction company likely to retest February 2024 highs

    Synopsis

    HCC hit a 52-week high of Rs 46, found support above 200-Days EMA, forming a Symmetrical Triangle pattern. Breakout suggests more upside.

    Hindustan Construction Company (HCC), part of the civil construction space, has already rallied by 139% in a year and the recent breakout from a Symmetrical Triangle pattern on daily charts suggests more upside. Short-term traders can look to buy the stock for a possible near-term target of 45, suggest experts.HCC stock which is also part of the S&P BSE Smallcap index rose from Rs 16.90 as of 23rd May 2023 to Rs 40.40 as on 23rd May 2024 which
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    The Economic Times