#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
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Disclaimer :...
HFCL WEEKLY CHART BREAKOUT
:: Data Point ::
Breakout Level: @79.00
1st Target: @86.50
2nd Target: @93.50
Stoploss: @70.00
HFCL creating Triangle Pattern and about to breakout @79.00
If it's breaks @79.00 and sustain above the price then go for LONG Position.
Note: Price already trade above 100 and 200 EMA with Good Volume.
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.
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 84
#This is not Buy and Sell recommendation to any one....
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.
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.
