SagirKazi

HFCL - Flag and Pole breakout

Long
NSE:HFCL   HFCL LTD

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.
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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.

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