“The recent earnings season brought a mixed bag of results, creating a tug-of-war between the bulls and the bears in the market. For a decisive move, the index needs to close above the 22,000 mark, potentially triggering short-covering rallies towards 22,600/23,000 levels.”
HFCL shares slide 26% in a month, placed near 200 DEMA support. Is a breakdown imminent?
The stock is currently trading at Rs 120, positioned below its 10, 20, 50, and 100-day exponential moving averages (DEMAs), while attempting to hold above