HFCL : Breakout and Retest (LONG)Buy With SL of 70
Breakout and retest done
Expecting 100 / 120 / 150 / 180 / 200 ++
HFCL
Accumulation Mode In HFCL ? ? ? HFCL - Two Things are possible in HFCL
One - To Cut the All Time High price at the chart it will take one more support and than hit the resistant only to break it.
Two - Mukesh Ambani is a pure business man , he would have purchased it only due to less valuations , may be near red area or below that , because the last candle which is visible in chart has engulfed the previous one. News would be out regarding this purchase and people sold it before its too late.
In either case , accumulation mode would be a great step for this stock.
Bullishhh... HFCL Giving Decent ReturnsGiving a better opportunity to enter at All the time. Wait for next opportunity..
HFCL Strong Breakout On Weekly chart.NSE:HFCL
Himachal Futuristic Communications Limited (HFCL) On weekly chart making new highs and does not seems to be in a position to take a breath for now.
Area of 25-23 will be nearest support for HFCL right now.
For targets I will prefer to follow the Fib Extension levels.
Holding Period for HFCL must be minimum 6 Month to 1 Years.
Looks positive with good volumesUpsurge in small and midcaps gives push to mediocre stocks as well.
Will be cautious, but looks like a good bet.
HFCL CURRENTLY HFCL TREND LINE IS SHOWING UPTREND FOR LONG TERM PURPOSE . BUT FOR SHORT TERM IT WILL GO DOWN TOMMORROW .
I HAVE CONFERRMED THIS IT WITH RSI , CCI , BOLLINGER BAND, AND PARABOLIC SAR ....ALL OF THESE ARE SHOWING THAT MAY GO DOWN TOMMORROW .
Neutral / wait and watch zone for HFCLAs seen price is taking support in the cloud and near cloud B, and is playing below the EMA 50 as well. the price range i contracting range for past one and half month. Break above EMA 50 or break below cloud B is to be watched for long or short position respectively.
