HFCL - Double Digit + Smallcap + Breakout Soon

Updated
πŸ“Š Script: HFCL (HFCL LIMITED)
πŸ“Š Nifty50 Stock: NO
πŸ“Š Sectoral Index: NIFTY 500 / NIFTY SMALL CAP
πŸ“Š Sector: Telecommunication
πŸ“Š Industry: Telecom - Infrastructure

DAILY TIMEFRAME
snapshot

Key highlights: πŸ’‘βš‘

πŸ“ˆ Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
πŸ“ˆ MACD line is taking support of signal line and bounce back from there.
πŸ“ˆ Double Moving Averages already giving crossover.
πŸ“ˆ Volume is increasing along with price which is volume breakout.
πŸ“ˆ Script is going to give breakout of ascending triangle in Weekly and Daily chart.
πŸ“ˆ Current RSI is around 64.
πŸ“ˆ One can go for Swing Trade.

⏱️ C.M.P πŸ“‘πŸ’°- 82.70
🟒 Target πŸŽ―πŸ† - 95
⚠️ Stoploss ☠️🚫 - 75

⚠️ Important: Always maintain your Risk & Reward Ratio.

⚠️ Purely technical based pick.

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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.

Eat🍜 Sleep😴 TradingViewπŸ“ˆ RepeatπŸ”

Happy learning with trading. Cheers!πŸ₯‚
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