HFCL... setting up for a positive momentum
Will observe price action between 82 till 92.
This range will define how the stock does going forward - whether it takes the upward move, goes sideways or pulls back to its prior support levels of 70, 66, 60 and 55.
RS line is trending up, with the price above the 10 week moving average line. I would hold a bullish view above 92 with strict stop loss of 5-8% if the view gets negated.
Note: Not a buy/sell recommendation. Do consult your investment advisor.
This range will define how the stock does going forward - whether it takes the upward move, goes sideways or pulls back to its prior support levels of 70, 66, 60 and 55.
RS line is trending up, with the price above the 10 week moving average line. I would hold a bullish view above 92 with strict stop loss of 5-8% if the view gets negated.
Note: Not a buy/sell recommendation. Do consult your investment advisor.
Trade attivo:
Strong move to close at 82.7 with good volume.