Comments
The short-term outlook is bullish for HFCL. The share price has risen very well over the last week. The stock also began this week on a strong note, surging by over 5 per cent on Monday. This rise has taken the stock well above the intermediate resistance level of ₹123. The region between ₹125 and ₹123 will be a very good support zone. Any intermediate dips are likely to get fresh buyers at lower levels.
HFCL’s share price can rise to ₹140-₹142 in the next few weeks. Traders can go long now at around ₹130. Accumulate on dips at ₹126. Keep the stop-loss at ₹121. Trail the stop-loss up to ₹133 when the price goes up to ₹136. Move the stop-loss further up to ₹135 when the price touches ₹138. Exit the long positions at ₹142.
(Note: The recommendations are based on technical analysis. There is risk of loss in trading.)
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.