The attempt to break out is supported by multiple technical signals. RSI has formed a new 14-period high which is bullish. It stays neutral and does not show any divergence against the price. The MACD has shown a bullish crossover. It now trades above the signal line. The MACD, and its crossover, happening above the center line adds to the potency of this crossover.
HFCL shares rally 22% in just 5 sessions. Here’s what technical charts indicate
HFCL shares jumped on Tuesday, extending their winning streak to a fifth straight session with gains of over 22% during this period. Technical analyst Ruchit