Accumulation Mode In HFCL ? ? ? 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 the previous one. News would be out regarding this purchase and people sold it before its too late.
In either case , accumulation mode would be a great step for this stock.
HFCL trade ideas
Expanding Channel with BOHFCL 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.
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.