HFCL trade ideas
WILL THIS BREAKOUT ??Looks like a triangle pattern.
A good support around 68.
Expecting 84 for the 1st target and 92 if the momentum continues
Chart Analysis of HFCL (6 Dec 2021)Triangle breakout completed.
Target : 95++
SL : 74 WCB
Only for educational purpose.
Asymmetrical triangle - weekly timeframestock trading near all time high
no selling volume found to pull down stock
all parameter looking good
HFCL keep watching*for educational purpose only. It's not a call. Please do your own analysis. I won't be responsible for any profit or loss.
Stock is very near to give breakout, it's a good accumulation going,there might be a chance of big rally as it was trading in a range since last few months.
HFCL Trade SetupMy target and SL mentioned in the chart.
Entry above Black
SL Red
Target Green
Currently. trading with the support of 50 & 100 SMA.
Just wanted to share something. I have been holding this stock in my portfolio in Jan'08. This was the 1st stock that I bought so have my sentimental connection. After that this stock went from 30 to 5 but I didn't sell, averaged or booked profit even when it touched 93 recently. Maybe will be holding it forever.
hfclThe stcok is in a strong uptrend and now consolidating in triangle pattern once its breaks out of the pattern is will continue its uptrend ...with tgts and sl as mentioned in the chart
HFCL: BullishTake a look at the chart. it's walking along the support. The only problem I see is the strong resistance at 80-82 levels, once there's a breakout, we can easily see a good upward movement. The company financials also look promising and are supporting the uptrend.
long idea HFCLLong idea in HFCL
Long entry 78
Slop loss 74
Target 78,82,86
Only for Educational Purpose
Triangle Pattern in HFCL ; Ideal Long setupBreaking up after consolidating @ 67-72 range ;Trade can be taken @ 75-77 Range with Immediate target 90, SL below the triangle at 65 makes this a good Risk reward setup for Swing.
HFCL Upward Price actionAim 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 125+BREAK OUT ABOVE 75 FROM THE FALLING WEDGE CAN TAKE IT TO 125 LEVEL THIS TIME. support at 69 - 63 - 55,
target 110 -128
HFCL Buy on Current Levels with a trailing SL>
After falling for more than a month now we can see a big move Upside .
HFCLconsolidation with low volume is on. the moment it gets volume a sharp up-rise can be expected. support at 59. below it can go down to 50-48-43. above 72, 125 is the target
#HFCL Descending channel retraced 61.8
Wait for Descending channel breakout.
Do your due diligence before taking trade.
