Do you think it will go back to 82 level. My buying is at 82 and its not crossing 75.
RAJDAD
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@ritu14, sorry for being late reply. As per chart stoploss triggered. Recent development in HFCL will take it higher. Only if you are long term investor in it, you can hold. never ever keep a stock which close below 200 dma
Panchalk
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@RAJDAD, Also there is hardly any volume...bad sign...look at how it was moving sometime ago...massive volume...now the volumes have dried up...wait and watch...also plot it in monthly TF and you find something interesting...i plotted an expanding channel...scroll down i have published that. also the targets which were achieved some time ago before it started sliding down
ritu14
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@Panchalk, I got panic and exited at 63 after it hit SL of 65 and it went down to 55 to pull up to 70 levels.
Panchalk
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@ritu14, If you have been trading less than 3 years i don't blame you..also learning, reading and practicing ( paper trading at least initially always helps) - these 3 things will help in long term. Another thing we are part of this great TRADING VIEW COMMUNITY...lots to learn here. We all have experienced what you have experienced so you are not alone. Keep on keeping on. also always watch RISK/REWARD ratio.
Thanks for creating this chart for HFCL.
Do you think it will go back to 82 level. My buying is at 82 and its not crossing 75.