HFCL - Ichimoku Bullish Breakout Stock Name - Himachal Futuristic Communications Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 76
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
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HFCL
HFCL buy( VCP with volume support)Ideal VCP observed in HFCL
Buy at CMP
SL below 68
R:R -- 1:2 and more
volume drying up during consolidation and expanding in up move
95 is crucial resistance if break with volume then we may see good up move
Market Cap-- ₹ 11,322 Cr.
ROCE-- 19.7 %
ROE-- 13.5 %
Promoter holding-- 39.2 %
FII holding-- 7.19 %
DII holding-- 1.44 %
Debt-- ₹ 710 Cr.
Public holding-- 52.0 %
Please maintain SL stickily
Risk 1-3% of your capital(so plan position sizing base on this)
My trading view ideas past accuracy (for traget-1 ) around 71%(Please maintain your SL)
HFCL good for Long Stock has already broken out from previous high with Exception valoume,
aggressive trader can plan for entry @CMP and
conservative player can wait for price to retrace to T1.
Best entry would be above 93.7 .
T2 will be the best area to Enter in future on can look for.
DISCLAIMER: For education purpose only, do your own analysis or consult your advisor before taking position
HFCL : Simple analysis - support and resistanceResistance at 89. Will see strong upside once this level is crossed.
The price can retrace back to 79, 76 levels and 71 if it fails to sustain momentum.
View: Bullish in the long term. However, always keep a stop loss of 5-8 percent if your position fails.