The short-term outlook is bullish for HFCL. The share worth has risen very nicely over the past week. The inventory additionally started this week on a robust notice, surging by over 5 per cent on Monday. This rise has taken the inventory nicely above the intermediate resistance stage of ₹123. The area between ₹125 and ₹123 shall be an excellent help zone. Any intermediate dips are prone to get recent consumers at decrease ranges.
HFCL’s share worth can rise to ₹140-₹142 within the subsequent few weeks. Merchants can go lengthy now at round ₹130. Accumulate on dips at ₹126. Hold the stop-loss at ₹121. Path the stop-loss as much as ₹133 when the value goes as much as ₹136. Transfer the stop-loss additional as much as ₹135 when the value touches ₹138. Exit the lengthy positions at ₹142.
(Notice: The suggestions are primarily based on technical evaluation. There’s danger of loss in buying and selling.)
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