Targets as indicated. Stoploss 66 Monthly closing basis.
HFCL (Swing): A 30-50% up move is on the cards for swing. Keep adding in chunks while script falls back to support at 65-70. Appropriate support, demand zone, resistance and targets are highlighted. Note: Do your own due diligence before taking any action. I would be posting updates for this chart in the comments sections as time progresses.
short term looks positive also higher volume seen on chart
Series of higher high is in progress. Contracted RSI is showing a possible breakout on upside. Accumulation range 62-65 for a estimated upside of 72-74-79 likely by sept'23
Weekly analysis, stock is trading near the long term support trend line . If it goes below that on weekly basis. there can be huge fall and stock might see its pre covid levels.
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.
Reason for long a) Bullish bat set up b) Probability 70% c) overall market sentiment turned positive may help for long SL compulsory
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.
Reason for high a) monthly high breached b) weekly high breakout c) SL compulsory
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
Reason for long a) monthly breakout b) dual head and shoulder set up c) SL compulsory
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