1st target is already Achieve as we can see on chart, still many more targets, I am expecting towards upside. There is a pole T for Flag and Pole Pattern and if Breakout of 117 Rs, we have Cup & Handle T2 will be expected along with Pole T.
Easy Way to Carry this trade is on monthly candle closing basis above 5 ema.
Further on this after breakout.
Thank You!
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Monthly Closing will be Important, it will try to recover from this point for monthly closing.
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As I mentioned in last comment it will recover before monthly closing and HFCL price close above 5 EMAs (1M). Also In Weekly TF, there is Bullish Hammer, So from Now Closing Below Hammers Low on weekly Closing is Stop Loss for HFCL.
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with more than 4% move in the morning, it again touches 100 Rs Today and seems like chancing of good weekly closing at the end of the day.
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'LAZY BUT NOT LOSER'
Thats what I will say for HFCL :)
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Though 92 Rs. works as a good support in smaller TF.
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Again, I want to say "LAZY BUT NOT A LOSER"
Today, finally its move strongly upside and also its last date of April Month too. I am noticing from past few weeks HFCL is trying to hold good price levels so I was expecting at end of the month it will become volatile. T1 soon!!
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95 to 96 Rs is nearest good support. 2nd one is 92 Rs.
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HFCL is at Prev Support + 100 EMAs Support in a Daily TF
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Likely to Retest from 94 93 Rs before go upside
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Staying above 100EMA or 50 EMA in Multiple Time Frame is always works, we just have to maintain conviction on our study, T2 160+ Remaining.
Excellent Analysis. each and every single detail you studied and execute well into this chart which is brilliant. for Long Term Investment HFCL is the Best Buy.
@Srinath03krithik, Bigger Targets need bigger Stop loss, suggesting you to Reduce Quantity, carry as much as you can bear it. And This is monthly timeframe analysis so wait for monthly closing rather than one day or week. We have to ride this for few months too. Have A GoodDay!
each and every single detail you studied and execute well into this chart which is brilliant.
for Long Term Investment HFCL is the Best Buy.