HFCL trade ideas
HFCL Strong Breakout On Weekly chart.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.
Neutral / wait and watch zone for HFCLAs 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.