HFCL NSE

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!

Komen:

Monthly Closing will be Important, it will try to recover from this point for monthly closing.

Komen:

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.

Komen:

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.

Komen:

'LAZY BUT NOT LOSER'

Thats what I will say for HFCL :)

Komen:

Though 92 Rs. works as a good support in smaller TF.

Komen:

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!!

Komen:

95 to 96 Rs is nearest good support.
2nd one is 92 Rs.