HFCL - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

📊 HFCL Technical Analysis Summary

Technical Rating: 2.1

HFCL is currently exhibiting bearish momentum with signs of consolidation near support levels. Here's a breakdown of the key indicators and insights

📉 Trend & Momentum Indicators

Price Action: Trading at ₹78.7, significantly below its 52-week high of ₹171, indicating a steep decline and weak sentiment.

Moving Averages

50 DMA: ₹83.2 → Price is below this level.

200 DMA: ₹93.6 → Price is also below this long-term average.

➤ This suggests a downtrend with no immediate signs of reversal.

RSI (39.6): Near oversold territory, but not yet a strong reversal signal.

MACD (-1.85): Bearish crossover, confirming downward momentum.

Volume: Slightly below weekly average, indicating low conviction in current price moves.

📈 Support & Resistance Zones

Level Price (₹) Strength

Support 71.5 Strong

Resistance 83.2 (50 DMA) Moderate

93.6 (200 DMA) Strong

Entry Zone: ₹72–75 (near support, if RSI dips further)

Exit Zone: ₹83–88 (approaching resistance and 50 DMA)

📉 Bollinger Bands & Volatility

Price is hugging the lower Bollinger Band, suggesting oversold conditions.

Volatility is high, with a beta of 2.0, so expect sharp moves.

🔄 Market Phase

Current Phase: Consolidating near support after a prolonged downtrend.

No clear reversal yet; watch for RSI crossing 45 and MACD flattening for early signs.

🧠 Final Thoughts

HFCL is technically weak with bearish indicators dominating. Short-term traders may consider a speculative entry near ₹72 with tight stop-losses. Long-term investors should wait for confirmation of trend reversal.

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