Correction or 1st leg of correction is over -All set for up move

After hitting ATH of 171, it corrected to around 70 almost close to 0.618 levels of the up move, so all possibility that its the end of Wave 2, or just the first leg of a corrective Wave 2.
As of now its seems to have formed a leading diagonal and all set to move up,
Whether its going to be an impulse move (wave 3 - a multi bagger possibility) or a corrective B wave is to be seen based on how it develops. Will post updates.
Whatever, we can expect a rally with an initial target of 130 which should be the minimum level of B wave of a FLAT correction.

This view is invalidated if it breaks 70. (breaks on a closing basis)

I analyzed HFCL earlier in 2023 (Linked below), though it doubled as mentioned. It failed to touch my specific targets of 180 and 200+

Disclaimer: I have this stock in my portfolio.