HFCL trade ideas
HFCL buy( VCP with volume support)Ideal VCP observed in HFCL
Buy at CMP
SL below 68
R:R -- 1:2 and more
volume drying up during consolidation and expanding in up move
95 is crucial resistance if break with volume then we may see good up move
Market Cap-- ₹ 11,322 Cr.
ROCE-- 19.7 %
ROE-- 13.5 %
Promoter holding-- 39.2 %
FII holding-- 7.19 %
DII holding-- 1.44 %
Debt-- ₹ 710 Cr.
Public holding-- 52.0 %
Please maintain SL stickily
Risk 1-3% of your capital(so plan position sizing base on this)
My trading view ideas past accuracy (for traget-1 ) around 71%(Please maintain your SL)
HFCL: Cup with Handle patternA classic Cup w Handle pattern formation can take an entry with an SL. HFCL is at ATH and at LLR. POP Probability is looking good. Price trending above both long and short-term MA's. Please be mindful of your position sizing and have risk management in place.
“If you can’t take a small loss, sooner or later you will take the mother of all losses.” - Ed Seykota
Disclaimer: This idea has been posted strictly for educational purposes only and any investment shall be taken post proper due diligence and consultation of a certified Financial Advisor
HFCL is looking promising this week with a massive volumeHimachal Futuristic Communications Ltd (HFCL) is a diverse telecom infrastructure enabler with active interest spanning telecom infrastructure development system integration and manufacture and supply of high-end telecom equipment and Optic Fiber Cable (OFC). Their manufacturing facilities are located at Solan in Himachal Pradesh Salcete in Goa and New Delhi. As at 31st March 2019 the Company had four subsidiaries viz. HTL Limited Polixel Security Systems Private Limited Moneta Finance Private Limited and HFCL Advance Systems Private Limited and one joint venture company viz. DragonWave HFCL India Private Limited a Joint Venture Company of the Company and DragonWave Inc. Canada now known as DragonWave - X Canada Inc. a subsidiary of Transform - X Inc.Himachal Futuristic Communications Ltd was incorporated on May 11 1987. The company started with manufacturing transmission Equipment and soon they expanded their product portfolio to manufacture Access Equipment Optical Fibre Cable Accessories and Terminal Equipment.
HFCL good for Long Stock has already broken out from previous high with Exception valoume,
aggressive trader can plan for entry @CMP and
conservative player can wait for price to retrace to T1.
Best entry would be above 93.7 .
T2 will be the best area to Enter in future on can look for.
DISCLAIMER: For education purpose only, do your own analysis or consult your advisor before taking position