HFCL Shares Rally 22% in Five Sessions as Technical Analysis Highlights Uptrend HFCL shares surged 22% over five consecutive trading sessions, with the stock hitting a day’s high of Rs 158 on the BSE. Technical analysts noted the rally as part of a sustained uptrend, driven by strong trading volumes and renewed buying interest. Ruchit Jain, Vice President of Technical Research at Motilal Oswal, highlighted that the stock has shown robust momentum in the past two months, with prices breaking above key resistance levels. The rally was further validated by institutional activity, as mutual fund holdings in HFCL increased from 6.68% to 6.92% during the March 2026 quarter. However, foreign portfolio investors (FPIs) slightly reduced their stake, decreasing from 7.48% to 7.08%. Analysts emphasized that the stock’s performance reflects both short-term momentum and potential long-term growth. Harshal Dasani of INVasset PMS observed that HFCL’s sharp one-week move above its 52-week high zone confirmed strength but also signaled the end of the initial breakout phase. He warned that the first pullback would indicate whether the rally was driven by institutional accumulation or temporary market pressure. Dasani added that the stock’s ability to hold the breakout band between Rs 150 and Rs 155 on a closing basis would sustain the uptrend, while a retest below this range could signal a reversal. Kunal Kamble of Bonanza described the rally as a strong bullish breakout, with HFCL trading above key exponential moving averages (EMAs) and maintaining higher volumes. The stock’s relative strength index (RSI) near 78 suggested overbought conditions, but Kamble noted that follow-up buying after the sharp rally indicated confidence among market participants.#motilal_oswal #ruchit_jain #hfcl #harshal_dasani #invasset_pms
