HFCL - Minimum 20% quick momentum can be expected!

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HFCL - A Tech sector stock pick

Observations:

1. Price structure is bullish
2. Support from fib zone
3. Good Volume build-up
4. EMAs & RSI are indicating strength and momentum on the upside
5. Prices are rejecting on the downside (rejection candle on WTF) depicts buyers are dominant.

- Stay updated for further insights and trade safely!-

- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!

Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.

Thanks & Regards,
Anubrata Ray

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ملاحظة

DAILY TIME FRAME VIEW:

٢٣ يونيو ٢٠٢٤

ملاحظة

107 to 130 = 25% Momentum achieved.

Agrresively can be trailed further with SL weekly candle low around 120.

Next TP can be 150 & 165

٢٩ يونيو ٢٠٢٤

ملاحظة

Looks like it is coming for a pullback. Created a doji on weekly!