Daily analysis, stock is trading near the long term(weekly) support trend line . If it goes below that on weekly basis. there can be huge fall and stock might see its pre covid levels.
LONG / SHORT TERM ---------------------------------------- Buy on 55-60 Avg Buying till 50 SL 45as per your risk TGT 71/ 84/ 94
On daily chart HFCL has taken support around 61% retractacement levels of 61.70, the fall in price is not comensurating fall in volumes, signalling consolidation phase and potential candidate for breakout. In short term RSI too shows deeply oversold position and forming a base to proceed for trend reversal. Target 68 &74 in Apr'23 series.
make sure you follow your own analysis before taking trade this is not a recommendation. this is only for education purposes. I am long from 58.in hfcl
HFCL LTD Simple price action 21 MA crossing over 50 and 100 ma - indication positive move Price taking support at trendline and support line also. Nice 15% MOVE EXPECTED ONCE RESISTANCE IS ALSO BROKEN . Once broken wait for retest also.
stock is moving towards meeting point of trend line, yellow channel top and R3 PIVOT...... TARGET...110
In HFCL is raising wedge pattern is formed. The target price is RS.85. why 85 RS is the target, there is strong resistance. if break out the 90 RS level we will go for a long.
HFCL Ltd (Himachal Futuristic Communications Limited) is a diverse telecom infrastructure enabler with active interest spanning telecom infrastructure development, system integration, and manufacture and supply of high end telecom equipment, Optical Fiber and Optic Fiber Cable (OFC). Product Portfolio Optical Fiber Cable (OFC), Optical Fiber, Wi-fi systems,...
1) BREAKOUT WITH VOLUME. 2) telecom.economictimes.indiatimes.com/news/hfcl-inks-pact-with-qualcomm-for-5g-mmwave-fwa-product-development/93429080 (ADD: "https://" AT START) - NEWS 3) SL @ TODAY LOW. 4) TARGET - I PREFER 10% INITIAL AND TRIAL 5) ONLY BUY IF IT BREAK TODAY'S HIGH
Waiting for HFCL breakout in intraday to take long position, here is the 15Min chart with some support and resistance.
HFCL LTD Cup and Handle Formation. I'm expecting postive BreakOut with Good Volume. Note :- I'm not responsible for your profit or Loss. I'm sharing this for knowledge purpose
Buy HFCL with stoploss of 10% and target 30 up from here
Buy once the trend line is broken First resistance is 57.50 than 58.30 is the pivot point on daily chart. 1st Target is 59.30. If sustain above 60 than 62 might be seen tomorrow.
HFCL is little bit risky to buy but it has some opportunities. We can buy @76 with strict SL@69, the target can be set @93. We can buy for long term when the price closes above 95 in weekly candle. If you are holding wait until May 10.
Hey,everyone it's me once again HFCL in good buying mode and good for swing.As I always say.........(u know what I am gonna tell),Cheers!
HFCL in parallel channel, looks good for mid term, with food fundamentals
entry: 85.25 Stage structure look for a breakout at the marked zone