Currently facing a Resistance at 18.4-18.5 Levels but HFCL has formed Head and Shoulder Pattern where Two Bottoms were around 11 Levels and Top was formed at around 22 Levels .By Head and Shoulder Pattern , Targets of 19.5-20 Levels are easily derived and some profit booking can also take place on these levels . On Trend Analysis , Resistance is at 18.5 and 23.5 Levels and by breaking these levels , it can easily go up to 27-28 Levels . So , Buy it for a target of 27-28 Levels for Next 1 Month .
Trade closed: target reached:
Next Target : 27
