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HFCL NSE

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Date 29th Feb.2024

First of all, apologies to posted little late.

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.

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Recapture Pre-Election Price point
many Targets Are pending.

トレード稼働中

Reach T1 one more time
T2 167 Rs will be next Target
and Further will Revealed T2.