Date 29th Feb.2024
First of all, apologies to posted little late.
1st target is already Achieve as we can see on chart, still many more targets, I am expecting towards upside.
There is a pole T for Flag and Pole Pattern and if Breakout of 117 Rs, we have Cup & Handle T2 will be expected along with Pole T.
Easy Way to Carry this trade is on monthly candle...
Greetings Folks,
today I have prepared a setup of
NSE:HFCL on NSE
the analysis is as follows-
- the price has made a fresh bullish structure in 15 min time frame
- the last higher high breakout failed, which means price can make a retracement to refuel the momentum
- the buying price is set under the underlying sell side liquidity orders, if they get swept, our...
HFCL - BUY - ACTIVE
Chart Insights : 1Week Chart
We can see stock breaks the rectangle channel pattern with good volume and seems its retesting. If its sustain above resistance can see good move upside.
#Breakoutstock #stocktobuy #stocktotrade #stockinfocus
#HFCL (1-3 months) : Momentum Stock
>> Long Consolidation Triangle pattern Breakout
>> VCP Visible in Triangle pattern
>> Good Strength & Volume Breakout
Swing Traders can lock 10% profit & keep trailing
Please Like or comment if u r Liking the analysis & Learning from it. Keep showing ur Love
Disclaimer :...
HFCL is one of the leading companies in optics fiber manufacturing for 5g sector in India.
The company recently got approval for PLI schemes worth 652 crore as well.
Once price breaks above the neckline, we can expect fresh rally.
There is good volume spike as well on closing day, and it will be interesting to see if smart money inflow continues.
HFCL looks bullish on a symmetrical triangle breakout above 89 and a close of 91.85 as of 14 Jan 22.
Target of 120 with a stop loss of 5-8%.
Not a buy/sell recommendation, but personal analysis for educational purpose.
Resistance 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.
