The short-term outlook is bullish for HBL Engineering. The stock surged 7 per cent on Wednesday and closed on a strong note. Prior to this rise, it has formed a good base around ₹800.

This rise confirms an inverted head and shoulder pattern on the chart. The neckline support of this pattern is at ₹833.

Moving average cross overs on the daily chart also strengthens the bullish case. HBL Engineering share price can rise to ₹930-940 in the next few weeks.

Video Credit: Businessline

Traders can buy HBL Engineering shares at ₹855.  Accumulate on dips at ₹846. Keep the stop-loss at ₹815 initially. Trail the stop-loss up to ₹865 as soon as the stock goes up to ₹880.

Revise the stop-loss higher to ₹890 and ₹910 when the price touches ₹905 and ₹920 respectively. Exit the long positions at ₹930.

(Note: The recommendations are based on technical analysis. There is risk of loss in trading.)

Published on May 7, 2026