Himadri Speciality Chemical makes a 4-month high; can it touch 52-week high?

So, what is it about HSCL that has traders and investors so excited?

The stock market can be a roller coaster of emotions, with traders and investors constantly on the lookout for the next big move. 

Amidst all the turbulence, one Small-Cap stock has been making waves and keeping traders and investors excited – Himadri Speciality Chemical (HSCL). 

Despite the NSE benchmark Nifty 50 slipping below the 17,600 mark, HSCL has jumped 3.5 per cent and is trading near the day's high of Rs 99. What's more, the stock has witnessed robust volume and has rallied more than 20 per cent from its March lows. With a strong move on Wednesday, the stock has registered a fresh 4-month high, leaving investors eager to know what's next. 

So, what is it about HSCL that has traders and investors so excited?

Well, the company is a market leader and prominent player in multiple speciality carbon product segments like Coal Tar Pitch, Carbon Black, Naphthalene and Refined Naphthalene, SNF, and Specialty Oils, among others. As one of the most integrated speciality carbon corporations globally, HSCL has built and introduced several innovative products during its 30+ years of industry presence, catering to a diverse range of new-age industries like steel, aluminium, plastic, infrastructure development, automotive, and many more. 

From a technical standpoint, the stock is trading above its key moving average, and more importantly, there has been a crossover in the moving averages, with the 20-DMA crossing over the 50-DMA on the upside, which bodes well for the stock. The daily 14-period RSI is pointing northwards and is in super bullish territory, while the daily MACD is pointing northward and is sustaining above its nine-period average, validating a positive bias in the stock. 

All these factors point towards the bulls having an upper hand in the stock, with the stock approaching its 52-week high of Rs 109. With such a positive outlook and being a market leader in its niche industry, HSCL is definitely a stock to watch out for. 

So, buckle up and get ready for the ride, because HSCL is one small-cap stock that's here to stay!