HFCL - Up Flag on Daily Chart
Break Out Date: Daily Candle on 2nd July 2021
Break Out Close: 72.50
Anticipated Price Target: 95.75
Suggested Stop Loss on daily closing basis: 68 (for the first 4 daily candles starting from 5th July 2021). Thereafter the book the profit/ exit on attainment of the price target or downward crossover of 26 EMA by 5 EMA whichever is earlier.
RR Ratio: 1:6
NOTE: This idea is an attempt to predict the future price movement. Investment decision based on this idea, if any, shall be solely at the risk of the investor.
Break Out Close: 72.50
Anticipated Price Target: 95.75
Suggested Stop Loss on daily closing basis: 68 (for the first 4 daily candles starting from 5th July 2021). Thereafter the book the profit/ exit on attainment of the price target or downward crossover of 26 EMA by 5 EMA whichever is earlier.
RR Ratio: 1:6
NOTE: This idea is an attempt to predict the future price movement. Investment decision based on this idea, if any, shall be solely at the risk of the investor.
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