Now Reading: HFCL Shares Hit 52-Week High, Rally Extends to Fifth Session
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HFCL Shares Hit 52-Week High, Rally Extends to Fifth Session
HFCL share price jumped 4% to hit a fresh 52-week high, extending its rally to the fifth straight session. The stock had been consolidating in the Rs 180-230 range for the last…
The Story in Brief
HFCL share price jumped 4% to hit a fresh 52-week high, extending its rally to the fifth straight session. The stock had been consolidating in the Rs 180-230 range for the last eight weeks and is now trading near the upper band of that range, NDTV Profit reports.
The Indian Opinion
Everyone calls every rallying stock a 'multibagger' these days, as if a few sessions of gains make a story. The real test for HFCL is not this week's jump but whether it can break decisively above Rs 230, its upper consolidation band for eight weeks. Watch for sustained delivery volumes on a close above that level. Without them, this is just noise dressed up as a headline.
Sources (2): ndtvprofit.com, ndtvprofit.com (2)
This story was synthesised by AI from the 2 sources linked above.
