HFCL - Something in this stock...Knocking at the polarity line after almost 2 years now. The Monthly RSI crossing 60. Let us see.
DISC: Not a SEBI Registered. I post charts for my own study.
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 .
NSE:HFCL Sell initiate for 02 Nov 2018 using 1 hr chart based on Fibonacci levels,
check below Sell level
Sell Below : 20.7
Stop Loss : 21.2
Target : 20.4
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.
Often past "views" of a stock blind us in viewing the current move with confidence. Just pay attention to the price... forget the baggage... looking good for a new high. SL recent lows..
