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HFCL LTD

Expanding Channel with BO

By Panchalk
Updated
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.
Note
It reached 89...and then lost momentum..big rejection and then the slide down.
Chart Patterns
Panchalk

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