RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of HFCL.NS
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Evaluation of HFCL Limited stock downgraded after the last trading session.
(Updated on Mar 28, 2024)

Sell candidate since Mar 28, 2024 PDF

The HFCL Limited stock price fell by -1.24% on the last day (Thursday, 28th Mar 2024) from ₹92.95 to ₹91.80. During the last trading day the stock fluctuated 3.28% from a day low at ₹91.35 to a day high of ₹94.35. The price has risen in 5 of the last 10 days and is up by 9.68% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -18 million shares and in total, 10 million shares were bought and sold for approximately ₹943.28 million.

The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.62% during the next 3 months and, with a 90% probability hold a price between ₹91.53 and ₹127.27 at the end of this 3-month period.

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HFCL.NS Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, March 13, 2024, and so far it has risen 9.68%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The HFCL Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ₹100.35. On a fall, the stock will find some support from the short-term average at ₹90.19. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for HFCL Limited stock

HFCL Limited finds support from accumulated volume at ₹91.25 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₹3.00 between high and low, or 3.28%. For the last week, the stock has had daily average volatility of 3.45%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (HFCL.NS) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect HFCL Limited to open at ₹92.50, and during the day (based on 14 day Average True Range), to move between ₹86.29 and ₹97.31, which gives a possible trading interval of +/-₹5.51 (+/-6.00%) up or down from last closing price. If HFCL Limited takes out the full calculated possible swing range there will be an estimated 12.01% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹91.25 (0.60%) than the resistance at ₹99.70 (8.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is HFCL Limited stock A Buy?

HFCL Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.403 Sell Candidate Downgraded

Predicted Opening Price for HFCL Limited of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
₹92.50 ( 0.763%) ₹91.80

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for HFCL.NS

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 95.50 4.03 %
R2 94.35 2.78 %
R1 93.65 2.01 %
Current price: 91.80
Support S1 91.35 -0.486 %
S2 90.65 -1.26 %
S3 89.50 -2.51 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 107.30 16.88 %
R2 105.65 15.09 %
R1 99.70 8.61 %
Current price 91.80
Support S1 91.25 -0.599%
S2 90.10 -1.85%
S3 84.55 -7.90%

HFCL Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Sep 22, 2022 Sep 22, 2022 Sep 22, 2022 ₹0.180 0.239%
2 Sep 22, 2021 Sep 22, 2021 Sep 22, 2021 ₹0.150 0.205%
3 May 16, 2019 Sep 19, 2019 Oct 28, 2019 ₹0.100 0.581%
4 Sep 21, 2018 Sep 21, 2018 Sep 21, 2018 ₹0.0600 0.289%
5 Sep 19, 2018 Sep 19, 2018 Sep 19, 2018 ₹0.0600 0.258%

FAQ

What is the symbol for HFCL Limited Stock and on which exchange is it traded?
The symbol for HFCL Limited is HFCL.NS and it is traded on the NSE (National Stock Exchange of India).

Should I buy or sell HFCL Limited Stock?
HFCL Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

How to buy HFCL Limited Stock?
HFCL Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy HFCL Limited Stock.

What's the current price of HFCL Limited Stock?
As of the end of day on the 2024-03-28, the price of an HFCL Limited (HFCL.NS) share was ₹91.80.

What is the 52-week high and low for HFCL Limited Stock?
The 52-week high for HFCL Limited Stock is ₹117.80 and the 52-week low is ₹56.40.

What is the market capitalization of HFCL Limited Stock?
As of the 2024-03-28, the market capitalization of HFCL Limited is 131.161B.

When is the next earnings date for HFCL Limited?
The upcoming earnings date for HFCL Limited is May 06, 2024.
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About HFCL Limited

HFCL Limited HFCL Limited manufactures and sells telecom products in India and internationally. The company operates through Telecom Products and Turnkey Contracts and Services segments. It offers a range of optical fiber cables, such as aerial, armoured, Fiber-to-Anywhere (FTTx), micro, and unarmoured cables; microwave solutions, including packet microwave, hybrid microwave, and small cell radio solutions, as well as network management systems; and gigabit p... HFCL.NS Profile

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