HFCL trade ideas
HFCL - Game changing orderGame changing order in Make in India 5G networking equiptment.
This could become a MASSIVE trigger going ahead beyond all the optic cables they supply Jio.
If they keep getting orders in this space the company could rerate in a massive way.
Long above 90.50 with a stoploss below 80. (Wedge breakout)
A 2nd buy could be made above 95.50 for a box breakout.
HFCL's Journey: A Visual Exploration with Darvas BoxIntroduction:
Let's dive into the world of NSE:HFCL , a stock on a wild ride for the past 2.5 years. We'll uncover the story and see if there's a chance for a smart trade.
Past Analysis:
HFCL has remained in a range for the past 931 days or 133 weeks, indicating a prolonged consolidation phase.
Current Market Snapshot:
As of now, HFCL is priced at 84.6, a bit away from its 52-week high of 94.65. The recent surge in volume, particularly in the previous month's close, adds an intriguing layer to our analysis. HFCL is approximately 10.61% away from its yearly peak. What does this mean? Stick around to find out!
Darvas Box Unveiled:
Picture a magical box that helps traders pick winning stocks. That's the Darvas Box! We'll break down this strategy and explore why stocks near their yearly highs, like HFCL (10.61% away from its 52-week high), grab our attention. Is something special happening? Let's find out!
Risk Management 101:
It's not all sunshine and rainbows in the stock market. That's where risk management comes in. We'll chat about keeping your investments safe with stop-loss tricks, diversification, and other smart moves. Stay tuned for our tips on handling HFCL.
Conclusion:
In a nutshell, HFCL has a story to tell. We've looked at its history, explored the Darvas Box, and learned how to protect our trades. Exciting times ahead? It's up to you!
Disclaimer:
Before you jump in, remember this is a learning journey, not financial advice. We're here to explore and share knowledge, not predict the future. Do your own research, talk to the experts, and make decisions that fit your financial journey. Happy trading! 🚀
HFCL long (the stock performed a triangle breakout)the stock performed a triangle breakout with good volume (consolidated more than 2 years)
ENTRY@90 TGT @141 SL @72
DISCLAIMER: The idea I'm publishing is just for educational purpose only. Do your own research or consult your financial advisor before trade or invest in this stock.
HFCL Bullish; above 81 on Tuesday 19 Dec. The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
INTRADAY Trading Strategy:
1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within five to 15 minutes. "High Risk Traders" buys in hope of another 2% upmove intraday.
"High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage").
Safe traders with minimum risk profile may Wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.
Both Safe Traders/High Risk Traders book profits at this stage
Stop Loss: @ "Open" price of the day OR "Breakoutprice"
This do not constitute, financial, investment, trading, or other types of advice or recommendation.
HFCL (weekly) : Breakout Stock#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
Please Like or comment if u r Liking the analysis & Learning from it. Keep showing ur Love
Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
HFCL Breaking out - Should double from hereHFCL - after an impulse move it consolidated by forming a triangle that completed on 23 Oct 2023. The next impulse moves started - hopefully the 3rd wave with a target of 200 +
T1 = 150, T2=180 and T3=200
It can also be considered as a bullish pennant breakout. The volume in the weekly chart indicates a good breakout.
HFCL - Breakout from pennant - Continuation b.o.The analysis is done on Weekly TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself. This is a continuation breakout chart.
When price comes out of such narrow zone on higher timeframe, chances of such breakouts being successful increases manifold.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
HFCL Swing Trade 📈 Trade Analysis: Swing Trade Setup
🔍 Chart Pattern: Identified a promising pennant chart pattern, suggesting potential breakout.
📊 Volume Confirmation: Breakout supported by significant volume, indicating strong market interest.
⚖️ Risk to Reward: Favorable risk-to-reward ratio, providing a good potential for profit compared to the risk taken.
🔄 Trade Duration: Planning for a 6-month swing trade to capture potential long-term gains.
🛑 Risk Management: Implementing a trail stop-loss strategy. Will move the stop-loss to breakeven once the stock reaches the 100 Rupees level.
📢 Disclaimer: Remember, the market involves risks, and this is not financial advice. Always do thorough research and consider consulting with a financial advisor. Trade responsibly.
Hfcl buy 80, target 190## Latest Updates and Positives for Investing in HFCL:
**Recent News:**
* **December 3, 2023:** HFCL secured an order worth Rs 67 crore to supply optical fibre cables to a domestic telecom operator.
* **September 18, 2023:** The company bagged a Rs 1,015 crore order from Madhya Pradesh Jal Nigam for laying optical fibre cables and providing related services.
* **September 11, 2023:** HFCL received an Rs 83 crore order for supplying optical fibre cable.
* **August 31, 2023:** The company collaborated with Wipro to develop 5G products for the telecommunications sector.
* **June 23, 2023:** HFCL launched its first India-made 5G solution for last-mile internet connectivity.
**Positives for Investing:**
* **Strong order book:** The company has secured several large orders in recent months, indicating strong demand for its products and services.
* **Government support:** The Indian government is investing heavily in infrastructure development, including 5G rollout, which benefits companies like HFCL.
* **Focus on 5G:** HFCL is well-positioned to capitalize on the growing 5G market with its range of 5G-related products and services.
* **Diversification:** The company has diversified its business into various segments like telecom equipment, broadband services, and power cables, which reduces risk and provides additional growth opportunities.
* **Valuation:** Compared to its peers, HFCL trades at a relatively attractive valuation, making it potentially undervalued.
**However, it's important to consider the following before investing:**
* **Competition:** The telecom equipment market is highly competitive, and HFCL faces competition from established players like Ericsson and Nokia.
* **Profitability:** While the company's order book is strong, its profitability has been fluctuating recently.
* **Macroeconomic factors:** Any slowdown in the Indian economy could impact HFCL's business.
**Overall, HFCL offers potential for growth due to its strong order book, focus on 5G, and attractive valuation. However, it's crucial to research thoroughly and consider the risks before making any investment decisions.