HFCL - Breakout on the monthly chart
Giving a better opportunity to enter at All the time. Wait for next opportunity..
NSE:HFCL Himachal Futuristic Communications Limited (HFCL) On weekly chart making new highs and does not seems to be in a position to take a breath for now. Area of 25-23 will be nearest support for HFCL right now. For targets I will prefer to follow the Fib Extension levels. Holding Period for HFCL must be minimum 6 Month to 1 Years.
NSE:HFCL BEAUTIFUL BULLISH FLAG PATTERN BREAKOUT , heading north...
Buy HFCL Avove 36 SL : 32 Target : 46
Upsurge in small and midcaps gives push to mediocre stocks as well. Will be cautious, but looks like a good bet.
CURRENTLY HFCL TREND LINE IS SHOWING UPTREND FOR LONG TERM PURPOSE . BUT FOR SHORT TERM IT WILL GO DOWN TOMMORROW . I HAVE CONFERRMED THIS IT WITH RSI , CCI , BOLLINGER BAND, AND PARABOLIC SAR ....ALL OF THESE ARE SHOWING THAT MAY GO DOWN TOMMORROW .
As seen price is taking support in the cloud and near cloud B, and is playing below the EMA 50 as well. the price range i contracting range for past one and half month. Break above EMA 50 or break below cloud B is to be watched for long or short position respectively.