HFCL shares slide 26% in a month, placed near 200 DEMA support. Is a breakdown imminent?
After hitting a peak of Rs 171 on September 23, the shares of HFCL have constantly been in a downtrend, breaking below its significant exponential moving averages. Currently trading at Rs 120, the stock is placed below its 10, 20, 50 and 100-day exponential moving averages (DEMAs) and trying to sustain above its 200 DEMA. … Read more