Buy above 76
Target 95
Stoploss 62 (on closing and trailing basis)
Technically : HFCL has formed an Inverted Head and Shoulder Pattern on the daily chart. Breakout of trend line on 5th August' 2022 and the neckline can be seen with huge volume during the last trading session. RSI is above 60 (not shown in chart) which shows the bullish momentum in the stock. it is expected to develop impulsively for the projected Target of 95.
Disclaimer:
This is intended to provide general and preliminary information to investors/ traders and shall not be construed as the basis of any information decision or strategy. This content is intended to be used and must be used for informational purpose only. It is important to do your own analysis before making any investment based on your own personal circumstances.
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HFCL Analysis