HFCL - Up Flag on Daily ChartBreak Out Date: Daily Candle on 2nd July 2021
Break Out Close: 72.50
Anticipated Price Target: 95.75
Suggested Stop Loss on daily closing basis: 68 (for the first 4 daily candles starting from 5th July 2021). Thereafter the book the profit/ exit on attainment of the price target or downward crossover of 26 EMA by 5 EMA whichever is earlier.
RR Ratio: 1:6
NOTE: This idea is an attempt to predict the future price movement. Investment decision based on this idea, if any, shall be solely at the risk of the investor.