On daily chart HFCL has taken support around 61% retractacement levels of 61.70, the fall in price is not comensurating fall in volumes, signalling consolidation phase and potential candidate for breakout.
In short term RSI too shows deeply oversold position and forming a base to proceed for trend reversal. Target 68 &74 in Apr'23 series.
In short term RSI too shows deeply oversold position and forming a base to proceed for trend reversal. Target 68 &74 in Apr'23 series.
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