HFCL Limited (HFCL)

The monthly chart of

reveals an aggressive long-term distribution phase. After peaking near the 171.00 level, the stock has entered a persistent multi-year downtrend characterized by a series of lower highs and lower lows. Currently trading at 61.47, the asset has recently marked a new 52-week low of 60.72. The price action is currently retesting a major multi-year accumulation base, with the most recent monthly candle showing a significant -12.40% decline. The price is testing a critical structural floor at 60.00 - 61.00. A breakdown below this horizontal zone (lowest white line) targets the psychological support at 55.75, which served as a historical swing low. The primary trend for HFCL is Bearish. The stock is in a "value-decay" phase, failing to sustain any relief rallies. Until the price can reclaim the 75- 80 supply zone with significant volume, any upward movement should be treated as a "dead cat bounce." A breach of the 60 support would signal further capitulation.