Aayush_Rungta

HFCL - Volume Contraction Pattern

Long
NSE:HFCL   HFCL LTD
HFCL is one of the leading companies in optics fiber manufacturing for 5g sector in India.
The company recently got approval for PLI schemes worth 652 crore as well.

Once price breaks above the neckline, we can expect fresh rally.
There is good volume spike as well on closing day, and it will be interesting to see if smart money inflow continues.


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