HFCL trade ideas
detailthis new style of intriguing stock chart
trying new ideas for study purpose
stock hve symmetrical triangle pattern breakout
This volume high has never been charted by a volume comparator.
volume-building indication is that massive move can occur from this stock
stock moving long consolidation so can adanvance move
Now the market condition is bullish, so stock gives a bull run
HFCLNSE:HFCL (1W)
CMP 82
• Flag & Pole pattern is formed on Weekly Time frame
• Symmetrical Triangle Pattern Breakout
*News*
HFCL Unveils Locally-Developed 5G Fixed Wireless Access Products
Sector : Telecom
Industry : Telecom - Infrastructure
Market Cap : 11,717.37 cr.
Category : Small Cap
PE : 38.36
PEG : 2.87
About Company
HFCL is a diverse telecom infrastructure enabler with active interest spanning telecom infrastructure development, system integration, and manufacture and supply of high-end telecom equipment, Optic Fiber and Optic Fiber Cable (OFC).
HFCL Limited (formerly known as Himachal Futuristic Communications Limited), established in 1987, is a leading Technology Enterprise connecting the world with the fully integrated communication network solutions and specialised services. Consistently empowering innovation, it endeavour to develop new technologies and next-generation products which are globally benchmarked and cost effective. Research & Development activities are spearheaded by its two Centres of Excellence (CoEs) at Gurgaon and Bengaluru, further supported by invested R&D Houses and Collaborators from different locations in India and Overseas.
HFCL manufacture Optical Fiber, Optical Fiber Cables (OFC), Passive Interconnect Solutions and high-end Transmission and Access Equipment. Its technologically advanced offerings span the entire value chain, from manufacturing hi-tech communication network products to providing specialized services, which get deployed across Telecom, Defence, Railways, Utilities and Security & Surveillance Networks, both in the Private and Government Sector.
Business area of the company
HFCL is a diverse telecom infrastructure enabler with active interest spanning telecom infrastructure development, system integration, and manufacture and supply of high-end telecom equipment, Optic Fiber and Optic Fiber Cable (OFC).
**Products**
Optical Fiber Cables
• Futureline
• Aerial
• Armoured
• FTTX
• Micro
• Unarmoured
Telecom equipments
• Microwave Radio's
• GPON
Electronics
• Telecom Power
• Battery Management
• Solar Solutions
Telecom Networks
• FTTX
• In-Building
• OFC
• Optical Transmission
Railway Telecom Networks
Safe and Smart Cities
Candlestick ConfirmationsWe can clearly See the area will work as resistance and there are candlesticks (Bearish Engulfing) which we can see.
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HFCL - Double Digit + Smallcap + Breakout Soon📊 Script: HFCL (HFCL LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500 / NIFTY SMALL CAP
📊 Sector: Telecommunication
📊 Industry: Telecom - Infrastructure
DAILY TIMEFRAME
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 MACD line is taking support of signal line and bounce back from there.
📈 Double Moving Averages already giving crossover.
📈 Volume is increasing along with price which is volume breakout.
📈 Script is going to give breakout of ascending triangle in Weekly and Daily chart.
📈 Current RSI is around 64.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 82.70
🟢 Target 🎯🏆 - 95
⚠️ Stoploss ☠️🚫 - 75
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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HFCL (Swing):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.
HFCL long 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.