HFCL - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.6

Here’s a detailed technical analysis of HFCL Ltd

📈 Trend Analysis

Current Price (₹77.6) is above the 50-DMA (₹75.3) but below the 200-DMA (₹87.4) — indicating a short-term recovery within a broader downtrend.

52-week Index at 8.86% shows the stock is trading near its yearly low (₹68.6), far from the high of ₹171 — a sign of deep correction.

Trend Status: Reversing upward, but still vulnerable to resistance.

🔍 Momentum Indicators

RSI (61.6): In the bullish zone, suggesting short-term strength, but nearing overbought territory.

MACD (0.11): Slightly positive — indicates early bullish crossover, though momentum is weak.

Volume: At 9.62 Cr, more than double the 1-week average (4.36 Cr) — reflects strong participation, possibly speculative.

📊 Chart Patterns & Moving Averages

Price is trying to reclaim moving averages, but the 200-DMA remains a key hurdle.

Support Levels

₹75 (50-DMA)

₹70 (recent swing low)

₹68.6 (52-week low)

Resistance Levels

₹87.4 (200-DMA)

₹95–₹100 (gap zone and psychological resistance)

₹110–₹120 (trendline resistance)

📉 Bollinger Bands

Price is near the upper band, suggesting short-term overextension.

Bands are expanding, indicating volatility and potential for sharp moves.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Entry 72–76 Near support zone and 50-DMA

Exit (Short-Term) 87–95 Resistance zone, potential reversal

Stop Loss 68 Below 52-week low and trendline

🧭 Summary

Trend: Reversing upward

Momentum: Mild bullish, but fragile

Volatility: High, with breakout potential

Strategy: Accumulate cautiously near ₹72–₹76 with target ₹87–₹95. Watch for MACD strengthening and RSI crossing 65+ for confirmation.

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