HFCL - Keep a close watch
This analysis is on the request of quite a few well wishers.
There was a breakout this week but there lies ahead a very strong resistance. Once that is cleared then the stock will do well.
There was a breakout this week but there lies ahead a very strong resistance. Once that is cleared then the stock will do well.
Note
Just as I said. Those who bought in the morning got trapped seeing that the stock zoomed to 39. By the end of the day they got trapped at 34. Well, we wish the stock crosses 36.35 soon but now there is also some probability for it to correct further.Trade active
Technically we saw a breakout today with volumes but I'm some how not very convinced with the doji candle. I would not be restless here. Since it is a multi year breakout , I will wait for 1-2 follow up candles to be certain about its momentum.Trade active
Weakness after a shaky breakout witnessed. However, expecting a good move in coming days to then confirm a good breakout. Till then it is wait and watch.Trade active
Watch out for a Breakout above 38 this week.Note
Can see 55. Trail the stop loss to 48 just in case profit booking starts at 50Trade closed: target reached
*DISCLAIMER*
For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.
For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.
*DISCLAIMER*
For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.
For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.
Disclaimer
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