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.

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Comments

Hi sir... First of all thank you for the wonderful chart. I have good QTY of this shares. Does this stock has the potential to cross ATH of 63 or will it bounce back once it reaches to 63. Pls reply sir. Thank you for your patience and efforts.
+1 Reply
SagirKazi federalMagpie90736
@federalMagpie90736, as per my view if stock crosses 60 this time it can quickly reach around 70.

Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
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