HCLTECH going Big || Time for IT to perform

HCL TECH has formed cup and handle pattern and it is ready for breakout. Look for volume at the time of breakout that will give confirmation. RRR is very much favourable and looking at market the sentiment is bullish and IT has been underperforming since long hence great chance of IT participation in NIFTY bullish trend.

Entry: 1160 daily closing
Target -: 1380
SL -: 1100
Max RRR -: 1:4
Min RRR -: 1:2

Keep trailing SL after 1:2

Comment:

Entered in Trade

Trade closed: stop reached:

Bad result caused the downfall. Stop Loss reached and closed the trade

Trade active:

SL is on daily closing basis so let's wait it to close below 1100 on daily candle

Comment:

1300+

SL was on closing basis

Trade closed: target reached:

done