HFCL - after an impulse move it consolidated by forming a triangle that completed on 23 Oct 2023. The next impulse moves started - hopefully the 3rd wave with a target of 200 +
T1 = 150, T2=180 and T3=200
It can also be considered as a bullish pennant breakout. The volume in the weekly chart indicates a good breakout.
T1 = 150, T2=180 and T3=200
It can also be considered as a bullish pennant breakout. The volume in the weekly chart indicates a good breakout.