HLL Channel Support

HLL just broke a channel support.

• The trendline on the lower side has just been broken.
  
• The volumes at which it has broken is on an extremely high side. This is a signal of a strong weakness in the stock.
• MACD's column bars are increasing, indicating the weakness in the stock and also some sign of bearishness.
• RSI is on lower side, mainly due to the recent correction in the stock.

Nothing exciting happening in this stock and looks likes some more bearishness still to come. But an ideal stock to watch in the near term.