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
HFCL LTD - HFCL(NSE) | ASCENDING RECTANGLE has been forming an Bullish Rectangle since August 2021. A long candle cutting the top green line or a bounce-back from the bottom red line can be considered as a good buying opportunity. Those who have existing holdings can utilize the red line as an apt price range for averaging, after a bounce-back is confirmed.
this stock can hold for the long term if the price breakout the resistance level mentioned in the chart.
HFCL - looking good abv 101.35 with strong consolidation on multi time frame... good quarter results are expected.. entry @ CMP also looks good for short term 3-5 weeks.
Here's the chart analysis of HFCL . HFCL in an uptrend and it formed a Triangle Pattern breakout with a Good Volume support . In terms of the the pattern touches the Resistance zone and now gives a Breakout . after a breakout wait for a next move and price moves towards a upside .
HFCL is all set for a break out keep this stock in your watch list
For educational purpose only. HFCL is again reday to move.
We can see a breakout in this Script. Above 93 its looking bullish.
Buy With SL of 70 Breakout and retest done Expecting 100 / 120 / 150 / 180 / 200 ++
HFCL has made breakout of Bullish Flag Pattern on daily chart and is retesting the breakout line... and if it does respect resistance and break the major support line it may fall 20-30% from the trend line breakdown....
HFCL - Two Things are possible in HFCL One - To Cut the All Time High price at the chart it will take one more support and than hit the resistant only to break it. Two - Mukesh Ambani is a pure business man , he would have purchased it only due to less valuations , may be near red area or below that , because the last candle which is visible in chart has engulfed...
hfcl chart analysis only for study prupose chart analysis
Hi Guys HFCL 1. Target 98 2. Target 110 3. Taret 125
Watch for break out... next levels 72... followed by 94
HFCL has given 400% return in last one year ( Zerodha)...and does not seem to stop ( candlesticks don't show any reversal as yet)...today it moved up 16%. Volumes have been heavy too which is a good sign. The pattern is drawn in monthly TF - if it continues this bull run it can reach 89. This is an idea, not advice to buy or sell. This idea is based on technical analysis.