HFCL buy( VCP with volume support)

Ideal VCP observed in HFCL
Buy at CMP
SL below 68
R:R -- 1:2 and more
volume drying up during consolidation and expanding in up move
95 is crucial resistance if break with volume then we may see good up move



Market Cap-- ₹ 11,322 Cr.
ROCE-- 19.7 %
ROE-- 13.5 %
Promoter holding-- 39.2 %
FII holding-- 7.19 %
DII holding-- 1.44 %
Debt-- ₹ 710 Cr.
Public holding-- 52.0 %

Please maintain SL stickily
Risk 1-3% of your capital(so plan position sizing base on this)
My trading view ideas past accuracy (for traget-1 ) around 71%(Please maintain your SL)

Trade fechado: stop atingido:

SL hitt
trade closed