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...
Stock has made a Huge Consolidation Breakout in weekly timeframe.
Its a Buy on Dips Opportunity.
Do your own analysis and Risk / Money Management.
Targets in Chart for Short to Longterm
HFCL on weekly TF has made a extremely bullish candle breaking a multiyear box consolidation.
Entries can be made on current price but the SL will be big, so make multiple entries if price retraces and consolidates and try averaging.
FINAL Stop Loss @80/-
TARGET 150-160
Ride the breakout with the help of 20 and 50 EMA on daily TF.
Operator might double bluff...
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 Ltd (HFCL)@breakout
HFCL to raise up to Rs760 cr to spend on expansion, R&D
HFCL Ltd (HFCL) strong breakout with volume break out and momentum created in day chart.
HFCL Ltd (HFCL) breakout for long. so strong upside are coming. BUY above 76.50
NEXT TARGET 79.90,85.45,87.2, 92. Time to go for long, get ready to catch the profit. Thank you.
HSCL has given an good breakout with supporting volume. Entry at CMP with targets as mentioned in that chart.
This is for educational purpose. Trade at your own Risk.
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.
Aim still higher Target
Based on Price Action either 90-95 range and even above 100 and so on for the long term.
I will share my analysis again based on price action.
HFCL
1. take stong support in primary trend support line
2.last down trend reversal price movement breakout done
3. histrical green line and swing high first target and going up confirmation target 2
Entry - CMP (72.6) breakout was 67.85
Target1: 86.1
Stop Loss: 63.7 (Daily Close).
Will Update Trailing Stop loss whenever required.
Duration: 1-2 months
2nd Time Sharing this Script since it went well last time and hoping it to go well this time too, since Script has shown Slightly Stronger Technical Pattern this time. (Rectangular Flag and Pole)
Technical...
Entry - CMP (51.15) breakout was 47.3
Target1: 71.2
Stop Loss : 47.5 (Weekly Close). Deep SL 42.15
Will Update Trailing Stop loss whenever required.
Duration : 1-2 months
Technical trade Stock is showing Flag and Pole breakout with increased Volume.
Fundamentally Script is trading around Fair Valuation but since we are in bull market we can expect over...
Don't Just buy on behalf of my analysis. Go analyse the stock fundamentally on your own.
A fundamentally Strong Stock is giving Breakouts everytime after little consolidation.
