HFCL Limited BUY 80.95 MORE DEEP LOOK IN 67 MORE ADD ON TARGET 83.95/86.90/92.+ SL 60 POSITION CALL
Based on the chart you’ve provided (HFCL Limited on 30-minute timeframe), here’s a detailed technical analysis including support/resistance levels, target & stop-loss zones, and outlook across short-, medium-, and long-term horizons:
๐ง Current Price Action Overview Current Price: ₹80.95
Immediate Resistance Zone: ₹81.44 (just above current price)
Next Resistance Levels: ₹83.33 and ₹86.82
Immediate Support: ₹76.91
Next Support Levels: ₹71.47 and ₹67.50
RSI: 76.94 – Overbought territory (>70)
๐ Technical Breakdown ๐ Short-Term View (1-3 days) ✅ Momentum: Strong bullish momentum with a breakout attempt above previous resistance (₹80.87 zone).
⚠️ Caution: RSI is in overbought territory, so a pullback or minor consolidation is likely near ₹81.44–₹83.33 zone.
๐น Short-Term Strategy: ๐ Buy on Dips near ₹78–₹79 if it holds above ₹76.91
๐ฏ Target: ₹83.33
๐ Stop-loss: Below ₹76.50 (tight SL)
๐ Medium-Term View (1-3 weeks) ๐ผ If price sustains above ₹81.44, a bullish continuation is expected towards ₹86.82
๐ฝ However, failure to hold ₹76.91 could push price down to ₹71.47
๐น Medium-Term Strategy: ๐ Buy on confirmation above ₹83.33
๐ฏ Target: ₹86.82
๐ Stop-loss: ₹76.91
⏳ Long-Term View (1-3 months) ๐ Strong base at ₹71.47 and ₹67.50 – previously respected
๐ข If bullish momentum sustains and breaks ₹86.82, next long-term target could be near ₹92+
๐น Long-Term Strategy: ๐ Accumulate on dips near ₹72–₹75 range
๐ฏ Target 1: ₹86.82 | Target 2: ₹92+
๐ Stop-loss: ₹67.50 (strong support zone)
๐งญ Summary Table
Term Bias Action Entry Zone Targets Stop Loss Short-Term Bullish Buy on dips ₹78 – ₹79 ₹83.33 ₹76.50 Medium-Term Bullish Buy on breakout ₹83.33+ ₹86.82 ₹76.91 Long-Term Bullish Accumulate ₹72 – ₹75 ₹86.82 / 92+ ₹67.50 ๐ก Profit Side: BUY Bias remains Bullish unless ₹76.91 is broken decisively.
๐ A breakdown below ₹76.91 might shift the view to Neutral or mildly Bearish short-term.
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