HFCL - Flag and Pole breakout

Jun 8, 2021

Entry - CMP (51.15) breakout was 47.3
Target1: 71.2
Stop Loss : 47.5 (Weekly Close). Deep SL 42.15
Will Update Trailing Stop loss whenever required.
Duration : 1-2 months

Technical trade Stock is showing Flag and Pole breakout with increased Volume.
Fundamentally Script is trading around Fair Valuation but since we are in bull market we can expect over valuation of low Debt companies too.

Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
Please like Share and Comment if you like our work.

Jun 23, 2021

Trade closed: target reached

Target of 71.2 achieved and in specified time frame of 1 month.

View Closed.

High Risk Traders Can Trail Stop loss to 65 (Daily close basis)
New Target 86.1

I would advise to book profits since Valuation are stretched and Stock has taken Vertical Climb so best is to book part profit even if your Risky Trader.


Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
Please like Share and Comment if you like our work.