HFCL LTD
Long

HFCL Ltd – Order-Block Rally in Play?

702
Timeframe: Daily | CMP: ₹81.90

Key Zones:

🟢 Demand Zone: ₹72–₹75 (multiple pin-bars & buys)

🟡 Order-Block Resistance: ₹85–₹88 (prior supply area)

🔴 Major Supply Zone: ₹110–₹112 (big block of sellers)

What’s Happening?

Strong Bounce: Price hit the ₹72–₹75 support twice and rallied sharply—classic demand‐zone confirmation.

Projected Path: Green arrow shows a likely move into the order-block at ₹85–₹88, where institutions tend to sell.

Pullback & Secondary Swing: After tagging ₹88, expect a mild pullback into ₹82–₹85 before a second leg higher toward ₹110.

Trade Plan

Aggressive Entry: ₹80–₹83 on dips.

Primary Target: ₹88 (first profit-book).

Secondary Target: ₹110+ for swing holds.

Stop-Loss: Below ₹72 (daily close).

💡 Why This Is Smart Money Setup

Order-Block Trade: Institutions accumulated at demand, will distribute at supply.

Clear Risk Zones: Defined stop below ₹72 and first resistance at ₹88.

High Reward/Risk: > 2:1 upside vs risk.

💬 Your Take?

Do you see HFCL riding this order-block bounce? Drop your comments below! 👇


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Note
Reached Primary Target!

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