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HDFC BANKHello & welcome to this analysis It has made double bearish Harmonic patterns at the same PRZ level - Crab & Deep Crab in the daily time frame with so far today's candle being an Open = High in daily time frame. A retracement till 1950 - 1875 could be possible as long as the stock does not cross 2050. A heavyweight in both Nifty & Bank Nifty, it could halt the uptrend of both the indexes either till it does not complete its pullback or the patterns get negated. All the best
NSE:HDFCBANKShort
by Dinesh_C_Nagpal
2
EQUITASBNK – Symmetrical Triangle Breakout SetupNSE:EQUITASBNK 📈 EQUITASBNK – Symmetrical Triangle Breakout Setup | Swing Trade Opportunity 🛠️ Equitas Small Finance Bank (EQUITASBNK) is forming a classic Symmetrical Triangle pattern on the Daily chart, indicating potential breakout momentum. Price is consolidating within a tightening range and recently attempted a breakout near ₹70 before pulling back slightly. • Chart Pattern : Symmetrical Triangle – converging trendlines since April 2025. • Support Zones : ₹66.50, ₹63.30 (swing low), and ₹62.76 (triangle base). • Resistance Zones : ₹70.65 (recent swing high), ₹72.88 (previous top), ₹75.50 (pattern target). • Moving Averages: - EMA 20 = ₹66.56 - EMA 50 = ₹65.06 - EMA 200 = ₹68.50 (recently tested) • RSI (14): 57.22 – Neutral bullish zone, not overbought. • Volume: Breakout attempt saw increasing volume, followed by low-volume pullback – indicating strength. > With the price retesting the upper triangle boundary and sitting above key moving averages, a breakout above ₹70.65 could initiate a strong bullish move. Watch for volume confirmation and RSI push above 60 for added strength. 🎯 Trade Plan : • Entry (Aggressive): ₹68.5–₹69 on retest support. • Entry (Confirmation): Above ₹70.65 with closing + volume > 2.5M. • Stop Loss: Below ₹66.00 (EMA confluence + trendline support). • Targets: - T1: ₹72.80 - T2: ₹75.50 - T3 (Extended): ₹78.00 (measured move from triangle) • Risk-Reward: Approx. 1:2.5 to 1:3 ⚠️ Disclaimer: This is a technical view for educational purposes only. Please do your own research or consult your financial advisor before acting on this idea.
NSE:EQUITASBNKLong
by vkj123
1
GRPLTD - Rising Back? 📊 **Technical Analysis: GRPLTD (Daily Timeframe)** ### 🔻 Recent Downtrend: * The chart reflects a **clear corrective phase** with a series of lower highs and lower lows, marked by TS (Trailing Stop) labels and wave structure. * A potential reversal is forming near a key **support zone**. --- ## 🟪 **Support Zone: 2521–2600 (Pink Box)** * Price recently tested the **VS (Volume Spike)** zone around \ ₹2521.37\ , which acted as a **major support**. * A bullish reversal candle has emerged from this zone, suggesting \ demand absorption\ and a possible swing low formation. --- ## 🟧 **Minor Resistance Zone: \~2680–2750** * Price is currently testing a **supply region (orange box)**. This area could temporarily pause upside movement. * Sustained move above this range is essential for bullish continuation. --- ## 🔵 **Upper Resistance / Target Zone: 3295–3377** * A large untested **supply zone** lies ahead, making it a **probable swing target** if momentum sustains. --- ## 📝 **Trade Idea: Bullish Reversal in Progress** ### ✅ \ Long Entry Zone:\ Around current price \ ₹2779–2800\ , or on retest of breakout above ₹2750 ### 🎯 \ Targets:\ * T1: ₹2883 (recent TS3 high) * T2: ₹3295 * T3: ₹3377 ### ❌ \ Stop Loss:\ Close below ₹2520 (below VS low and structure invalidation) --- ## 🧠 **Trade Logic:** * Price structure shows a potential \ ABC correction completed\ . * Strong reaction from a high-probability **Volume Spike Support** zone. * **Higher low + break above swing structure** would confirm trend reversal. * Conservative traders may wait for a **close above ₹2880** for confirmation. --- ## ⚠️ **Risk Management:** * Keep strict SL as structure is still recovering from a downtrend. * Size position based on volatility. --- 📌 **Summary:** GRPLTD has reacted strongly from a key demand zone. If price sustains above ₹2750–2800, there is room for a bullish swing toward ₹3295+. Ideal for \ positional/swing traders\ with good risk-reward potential.
NSE:GRPLTDLong
by LiveTradingBox
1
BHEL – Wave 2/B Pullback in Play?After a strong 5-wave rally from 176.00 to 268.95, BHEL may be entering a corrective phase — either a regular, expanding, or even a running flat. Price has formed a potential double top at 268.95/268.40. The pullback from here could complete a Wave C within the 245–232 zone, supported by Fibonacci extensions and prior structure. 🔻 Short-term bias: bearish, targeting Wave C completion. ⚠️ However, if this turns out to be a running flat, Wave C may end above 245.70 (Wave A low) and still be valid — so price may reverse early. 📉 RSI is lagging as price retests highs — hinting at weakening momentum. 📌 Key Levels: Invalidation for short-term short: 268.95 (tight; likely breached in expanding/running flat) Wave C zone: 245.15 to 230.78 Structural invalidation (bullish view fails): below 230.78 🟢 Big picture: bullish. This correction is likely setting up the next impulsive Wave 3 or C toward new highs. Let price confirm it. Disclaimer:This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
NSE:BHELShort
by WaveXplorer
4
PENGU Breakout Live — Could This Be the Next 5x Runner?PENGU Breakout Live — Could This Be the Next 5x Runner? PENGU/USDT just broke a major trendline after weeks of consolidation… If this breakout holds — we’re staring at a potential 3x–5x move in the coming days. But here’s the twist… ❌ Don't FOMO! The smart entry is likely $0.010–$0.0090 — a clean retest zone where risk–reward is best. Chart invalid if price breaks below: $0.0077 Targets if breakout holds: $0.0150 / $0.025 / $0.043 / $0.10 This is a breakout + retest setup with explosive potential — but only if you play it right. Always use risk management. This is NOT financial advice — DYOR before you enter any trade.
Long
by CryptoPatel
2
ICICIGITechnical Analysis Breakdown: 1. Rounded Bottom + Multi-stage Base Formation The stock has carved out a long rounded bottom, forming three notable cup-like bases over the past year. Each time the price pulled back, it found support near key demand zones (highlighted in blue), forming higher lows — a sign of accumulation. The current price action shows a smooth rounding structure that suggests growing buyer interest and waning seller pressure. 2. Supply Zone Test in Progress Price is now approaching a strong supply zone (~₹2,030–2,050), where it has previously faced rejection multiple times. The presence of long wicks in this zone in the past signals institutional selling pressure. Watch for a decisive breakout with strong volume to confirm that supply has been absorbed. 3. Relative Strength Turning Up The RS line vs Nifty has moved into positive territory after several months of underperformance. This shift is crucial — especially if confirmed on the weekly chart — it implies sector rotation or renewed leadership from ICICIGI. 4. Moving Averages in Bullish Alignment The stock is now trading above all key moving averages (20, 50, 100, 200 EMA), all of which are curling upwards. This signals a strong trend resumption, especially as the 200 EMA acts as long-term support. The breakout above the 200 EMA (around ₹1,940) was a major structural shift. 5. Volume and VCP Context Recent price action shows tighter price ranges with reduced volatility near resistance, a characteristic of Volatility Contraction Pattern (VCP). Volume has remained subdued but consistently stable, which is constructive as long as it expands on breakout attempts. Interpretation & Trade Strategy ✅ Bullish Scenario: A strong breakout above ₹2,050 with above-average volume can lead to a fresh rally, possibly retesting the previous all-time high zone (₹2,250+). Follow-up candle should ideally close strong with range expansion. ⚠️ Risk Management: Any rejection around ₹2,030–2,050 accompanied by high volume selling could lead to another correction within the base. Traders should be cautious of false breakouts and manage entries based on volume confirmation or wait for a pullback entry near ₹1,970–1,990 if risk/reward improves. 📝 Conclusion ICICIGI is showing classic signs of long-term accumulation, emerging strength, and trend reversal. With the supply zone being tested now, the stock is at a critical inflection point. If buyers can overcome this hurdle with conviction, ICICIGI may rejoin the list of strong performers in the insurance space. 📌 Watch for: Volume confirmation on breakout Retest and hold of the ₹2,000–2,020 zone RS staying above zero
NSE:ICICIGILong
by Sudhi4488
4
"growth partner of choice"Laxmi Organic Industries Ltd: CMP 199 Update: The previous breakout attempt didn’t hold, but the chart is showing renewed strength. Most chemical stocks are looking strong, indicating sector-wide momentum. Volume has started picking up again, which is a positive sign. Although the risk-to-reward ratio is currently limited, a decisive breakout and monthly close above ₹230 could confirm a trend reversal and open up significant upside potential. Watching closely for confirmation.
NSE:LXCHEMLong
by Alleyshah
2
Triveni Turbine LtdTriveni Turbine specializes in the manufacturing and maintenance of steam turbines, particularly for industrial and power generation applications. They offer a range of steam turbines, including back-pressure and condensing types, designed for diverse pressure and flow requirements, up to 100 MW. The company demonstrates strong profitability with a good profit growth of 25.1% CAGR over the last 5 years. They also have a healthy interest coverage ratio (64.45) and a good cash flow management. Promoters hold a significant portion of the shares (55.84%), while Foreign Institutional Investors (FIIs) hold a substantial stake as well (28.01%) Entry, stop loss and target details mentioned in the chart. Note: Please do your self financial assessment before investment, I am not certified stock analyst.
NSE:TRITURBINELong
by ravi32119
2
Titan | Swing | Breakout Titan has just given a clean trendline breakout followed by a successful retest, which makes this setup quite interesting from a positional swing trade perspective. ✅ Trendline Breakout • The stock broke a strong descending trendline that had been acting as resistance for several months. ✅ Retest and Bounce • After the breakout, Titan came back to retest the breakout level near ₹3,380, which held well — a classic bullish sign. This bounce happened around the 38.2% Fibonacci retracement zone — another technical confluence that adds weight to the trade idea. ⸻ 📈 Entry, Targets & Stop Loss • Entry Zone: Around ₹3,665 – ₹3,695 • Stop Loss (SL): Below ₹3,202 Important note: If price breaks below ₹3,500 without RSI crossing 75, it might lead to negative RSI divergence — a warning of weakening momentum. In that case, better to exit to avoid capital getting stuck. ⸻ 🎯 Targets Based on Fibonacci Extensions: • Target 1: ₹4,123 • Target 2: ₹4,324 • Target 3: ₹4,580 These targets are calculated using Fibonacci extension levels, with the final one being the 1.618 golden ratio zone. ⸻ Disclaimer: Do your own analysis before putting money in investment. Idea is for education purpose to share and learn within trading view community. Not a suggestion to put your hard earn money.
NSE:TITANLong
by IMStockwala
4
Titan - Keep On WatchCMP 3652 on 26.06.25 The chart itself is self-explanatory. The price has formed a Cup & Handle-like pattern since February 2025. This time, it is reaching the breakout levels. MACD shows a likely reversal, too. If it breaks out, it may go bullish to reach the levels of 3850, 4050, and potentially higher, depending on the market conditions. In case of any correction, support levels are around 3510. One may plan entry on different levels while considering risk management and position size. All these illustrations are only for learning and sharing purposes; it is not buy or sell advice. Please do your research before taking any trade. All the best.
NSE:TITANLong
by anandlive
7
WCIL - H&S Pattern | Breakout Above Resistance | Daily Chart📊 WCIL – Breakout Above Resistance | RSI Bullish | Strong Volume | Fibonacci Levels | Daily Chart 📅 Chart Date: June 27, 2025 📈 CMP: ₹114.43 (+3.42%) 📍 Ticker: NSE:WCIL 🔍 Technical Analysis Summary 🔺 Breakout From Trendline & Resistance WCIL has broken out above horizontal resistance at ₹113.50 and long-term descending trendline, indicating strong bullish momentum Golden neckline breakout of a potential inverse head & shoulder / V-recovery formation 📊 Volume Spike Massive increase in volume (7.09M) confirms buying interest and validates the breakout 📈 RSI Indicator (14, Close) RSI at 70.85, trending upward and entering bullish territory Multiple Bullish RSI crossover signals provide confluence for the uptrend 🌀 Fibonacci Retracement Levels 38.2% – ₹107.94 50.0% – ₹121.13 (next key level) 61.8% – ₹134.31 100% – ₹177.00 (full retracement potential) 📍 Key Price Levels ✅ Breakout Zone: ₹113.50 🔼 Immediate Resistance: ₹121.13 🎯 Target Levels: ₹121 → ₹134 → ₹153+ 🛡️ Support Levels: ₹107.9 → ₹100 → ₹91 💡 Trade Idea Entry: Above ₹114 on confirmation with volume SL: Below ₹107.50 (close below previous resistance) Targets: ₹121 → ₹134 → ₹153 Risk-Reward: High conviction due to structure and volume ⚠️ Disclaimer This chart analysis is for educational purposes only. Always DYOR (Do Your Own Research) and consult a financial advisor before making investment decisions.
NSE:WCILLong
by PriceAction_Pulse
2
Quarterly Demand Zone + Daily Breakout = Strong ConfluenceLet’s talk about a setup that checks almost every box for a technically sound trade— NSE:ALLCARGO . This isn’t just any breakout. It’s one of those rare moments when multiple timeframes are pointing in the same direction... and when that happens, smart traders pay attention. 🧱 Quarterly Demand Zone – The Foundation of the Setup This isn’t just a technical level—it’s a potential stronghold for smart money activity. Price has just entered and reacted from a well-defined Quarterly Demand Zone, which historically tends to be the playground of institutions, not retail noise. What I find especially compelling is how the reaction from this Quarterly Demand Zone isn't just visible—it’s meaningful. The current quarterly candle is green, forming on increasing volume, and there are only 3 days left until it closes. That’s not random—it’s calculated accumulation. 🧱 Daily Price Action Breakdown On the Daily timeframe, the stock had been in a tight sideways range for a while. That consolidation wasn’t random—it was accumulation. We saw repeated tests of a clear resistance zone, gradually weakening that level... and then? Boom. Breakout. And not a weak or fake-out move either. This one came with conviction and volume. Now the price is pulling back slightly, retesting the breakout zone—which, by the way, is now acting as support thanks to the Polarity Principle . The most recent daily candle? Showing signs of price respecting this level. 💡 When price responds to a higher timeframe demand zone and then breaks out on the lower timeframe with strength, that’s a serious signal of institutional activity and trend continuation. you’re not just chasing momentum—you’re trading with alignment . 📊 Technical Highlights Quarterly Demand Zone Reacted : Price reversed from a higher timeframe zone—classic smart money footprint. Quarterly Candle Turned Bullish : Green candle forming with rising volume, hinting at a potential long-term reversal. Daily Breakout From Consolidation : Resistance was tested multiple times, finally gave way. Volume Confirmation : Breakout candle printed on above-average volume—always a good sign. Polarity Flip : Resistance has turned into support, and price seems to be holding it for now. 📍 My Take on This Trade For a swing trader who values structure and confirmation, this setup is about as clean as it gets. The Quarterly Demand Zone is doing the heavy lifting here , giving you that deep, institutional-level context. And the daily breakout? The story is unfolding right in front of us. I’m bullish on this setup. Entry at CMP 34.83, Place stop-loss just below yesterday's ’s candle low (with a bit of a buffer). First target? The daily supply zone—which could offer a solid 1:2 risk-to-reward. If the rally continues, consider trailing your stop loss to lock in gains. But let’s be real: any setup can fail. Price could easily dip back into the range or break lower. That’s why risk management isn’t optional—it’s essential. This isn’t financial advice—just an analytical perspective for educational purposes. 🧠 Final Thoughts If the Quarterly chart is your tide, the Daily is just the wave. And right now, both are flowing in the same direction. That’s not the time to hesitate—that’s the time to execute (with proper risk, of course). ✨ “Price reacts where smart money acts. Your job is to listen, not predict.” 🔍 🎯 Remember, it’s not about predicting—it’s about aligning your trades with high-probability setups. 📈 Stay sharp, trade clean, and respect the zones. Thanks for the read. Got thoughts or questions? Drop them below—I’m always happy to chat charts. Thanks for the support—keep studying the charts, and keep sharpening your edge. 📈💬 This analysis is for educational purposes only. I’m not a SEBI-registered advisor and this is not a trading or investment recommendation.
NSE:ALLCARGOLong
by AfnanTAjuddin
7
NRB Bearing - Cup & Handle PatternNRB Bearing after a downfall has made a cup & handle pattern and is looking to move upward. Other factors: 1. Last few quarters growth rate was not good because of fire in a major factory, which now has been rectified, and capacity has reached at same levels. 2. Capacity expansion of 200 crores 3. Promoter has un-pledged all shares, showing strong financial position 4. Cup & Handle with good volumes. Keep following @Cleaneasycharts as we provide Right Stock at Right Time at Right Price. Cheers!!
NSE:NRBBEARINGLong
by Cleaneasycharts
1
[Positional] Concor Buy IdeaNote - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for my trades. "Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.) "Intraday" -means You must close this position at any cost by the end of the day. "Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. ======= I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share. ======= Like - Always follow a stop loss. In the case of Intraday trades, it is mostly the "Day's High". In the case of Positional trades, it is mostly the previous swings. I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives
NSE:CONCORLong
by Amit_Ghosh
2
ASTRAL LTD-Rounding Bottom BreakoutASTRAL LTD; CMP: 1558.50 The stock formed a clean rounding bottom from the lows near ₹1230 (Mar 2025) to the breakout above ₹1537. Breakout occurred with increased volume (18.3M), validating the move. RSI is at 61.33, indicating momentum is positive but not overbought — favorable for further upside. The stock has sustained above the breakout zone (~₹1537), which was the neckline and now acts as support. 📈 Long Trade Recommendation Buy Zone: Current levels around ₹1550–₹1560 (post-breakout pullback and retest looks complete) Target: ₹1900 (based on height of base: ~355 points from ₹1537 breakout = 1537 + 355) Stop Loss: ₹1475 (on closing basis) – below recent pullback low and prior support. Risk-Reward Ratio: 4:1 → Strong trade setup. 🔐 Key Support and Resistance Levels 🔼 Resistance Zones: ₹1650–₹1695: Intermediate resistance (previous swing high from Dec 2024) ₹1735: 1M Pivot Low — may act as resistance due to confluence ₹1867: 1W Pivot High ₹1900: Target zone and psychological round number 🔽 Support Zones: ₹1537: Breakout level (1D Pivot High) — now key support ₹1505: Retest level (recent swing low post-breakout) ₹1482: 1D Pivot Low ₹1475: Stop-loss level — below this structure breaks A close below ₹1475 would invalidate the bullish setup. Watch for volume follow-through above ₹1600 levels to sustain the move. Trailing stop-loss can be adjusted to ₹1537 once price sustains above ₹1650 for multiple sessions
NSE:ASTRALLong
by DrPrashantVerma
6
Reliance Daily - Volume Break outReliance Industries Ltd. – Daily Chart Analysis and Trade Idea The chart depicts a strong bullish setup for Reliance Industries on the NSE with a clear volume breakout confirming upward momentum. Key observations include: Spring Base Formation: The price formed a solid base around the 1160 level (highlighted in yellow), acting as a springboard for the recent uptrend. Markup Phase: Following the spring, the stock entered a decisive markup phase, driven by increasing buying interest and positive momentum. Volume Breakout: Recently, a significant surge in volume accompanied the price breakout above a rising trendline support (blue), indicating strong buyer conviction. Target Price: Based on the current price action and breakout strength, the target is set at 1600, offering a compelling upside potential. Moving Average Support: The orange line representing the moving average provides dynamic support, validating the bullish trend continuation. This technical setup suggests a strong buying opportunity with favorable risk-reward dynamics, provided the volume breakout sustains and the stock holds above the rising support line.
NSE:RELIANCELong
by BhumikaExports
7
Eternal: An outstanding growth stock in the Indian marketHello, One of the most requested stock analyses in India is Zomato, now rebranded and listed as Eternal Ltd (Ticker: Eternal). The company is guided by an ambitious vision: Better food for more people Instant commerce indistinguishable from magic World class going out experiences in India Make India malnutrition free The company’s businesses are involved in the following businesses Zomato food delivery: Food ordering and delivery business Blinkit Quick commerce: Quick delivery (in 10 minutes) of products across categories (fresh, staples, electronics, beauty, general merchandise, festive needs ++) District Going out: Enabling discovery and transactions across going-out experiences including dining-out, movies, sports and live events Hyperpure B2B supplies: B2B business supplying quality food ingredients & other products to restaurants and other B2B buyers The Eternal limited business is showing signs of further potential with the gross revenue increasing over the last 5 years. On a bigger timeframe, revenue has scaled from INR 4.66 billion in 2017 to reach a high of INR 202.43 billion in 2024. The company broke even in 2023 and the net income increased by over 50% in 2024 to reach INR 5.7 billion. With a positive earnings per share, we are confident that there is greater opportunity for early investors. The companies within the holdings continue to build resilient businesses within their lines. The Zomato business has scaled well and can now be seen as sustainably profitable. While Blinkit Quick commerce is yet to achieve profitability we noted that the business is scaling rapidly with the average monthly transacting customers increasing by over 100% in the financial year 2025. This is largely being driven by a business that Mirrors existing offline customer behaviour in India where frequent top-up purchases are delivered quickly when needed Addresses majority of customer’s needs across multiple categories such as food (staples and fresh), electronics, beauty, general merchandise, festive needs +) Is rreliable (quick delivery eliminates the need for planning) We see immense opportunity in the District going out business since it remains a market that is untapped. District going out is a dedicated going-out app that enables discovery and transactions for multiple going-out experiences including dining out, movies, sports & other live events. We see the opportunity for this business to be used in ticketing and dining/hotel reservations in the future. While the business is yet to achieve profitability, its revenue continues to grow immensely. In the Financial year 2025 alone, revenue for this product line grew by over 186%. Eternal ltd, the holding entity of all the businesses maintains a robust balance sheet with assets as at the end of 2024 at INR 356.23 billion. Total liabilities for the business as at the end of 2024 stood at INR 53.13 billion. The company has free cashflow of INR 1.87 billion with a huge amount of cash used in investing. This is agreeable since the company is in the growth phase and has a great potential for further growth. We expect that the business should be able to give dividends in the future once it achieves sustainable growth. From a technical perspective the share price of this stock has grown by more than 5 times. Due to the immense growth in share price of this company, we expected a correction on the stock. The correction is currently happening. The price has reached its 2025 bottom and is bouncing back. The MACD indicator is also showing signs of bullish crossover further confirming the upside trend. We continue to see opportunity for this company and recommend a BUY. Long term buyers have an opportunity to double their money just by holding this stock. Short to medium term investors can look for 21% upside as a potential point to look to take profits. You can get more details on the financial statements, financial ratios, revenue lines, next earnings date on Tradingview via in.tradingview.com
NSE:ETERNALLong
by thesharkke
1
Symmetrical Triangle pattern in Torrent Pharma Symmetrical Triangle Breakout Setup Torrent Pharmaceuticals Ltd (TORNTPHARM) Breakout Level: ₹3,300 Stop Loss: ₹3,150 (below triangle support) Target: ₹4,000 (based on height of triangle) Risk:Reward: ~2.8:1 ✅ Technical Confirmation: RSI near 52 — momentum shifting bullish above 55. MACD positive crossover, rising histogram — trend strength improving. Volume: Awaiting breakout candle with above-average volume for confirmation. EFI (Elder Force Index) turning positive — signals potential surge in buying force. 📌 Strategy Insight: A breakout above ₹3,300, backed by volume and momentum, could lead to a sharp trend continuation toward ₹4,000. The symmetrical triangle represents consolidation after trend — a potential bullish continuation pattern.
NSE:TORNTPHARMLong
by Puneet0130
1
Correction or 1st leg of correction is over -All set for up moveAfter hitting ATH of 171, it corrected to around 70 almost close to 0.618 levels of the up move, so all possibility that its the end of Wave 2, or just the first leg of a corrective Wave 2. As of now its seems to have formed a leading diagonal and all set to move up, Whether its going to be an impulse move (wave 3 - a multi bagger possibility) or a corrective B wave is to be seen based on how it develops. Will post updates. Whatever, we can expect a rally with an initial target of 130 which should be the minimum level of B wave of a FLAT correction. This view is invalidated if it breaks 70. (breaks on a closing basis) I analyzed HFCL earlier in 2023 (Linked below), though it doubled as mentioned. It failed to touch my specific targets of 180 and 200+ Disclaimer: I have this stock in my portfolio.
NSE:HFCLLong
by sabu_m
2