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.
Bullishhh... HFCL Giving Decent ReturnsGiving a better opportunity to enter at All the time. Wait for next opportunity..
HFCL Ready to give breadown.HFCL is consolidating in a range likely to give breakdown if 5 min candle close below 49.25 then wait for retest and make a short position SL will be 49.7 and your first target will be 48.
Thank you very much.
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.
Looks positive with good volumesUpsurge in small and midcaps gives push to mediocre stocks as well.
Will be cautious, but looks like a good bet.
