yogi_sharma_elliottician

#HCLTECH at the strong resistance

Short
NSE:HCLTECH   HCL TECHNOLOGIES
Scrip name- HCLTECH
Position - Bearish

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Technicals-
1. Forming a hypothetical HNS pattern
2. Strong resistance at the marked zone
3. Volume explanation on the chart. Although, this is not the exact textbook example, but who wants that anyway!
4. My little understanding towards market structure and price action.

Do understand, many times the scrip goes deep into the marked zone, so if bounces, look for selling opportunity in the zone or if crosses above the zone, do not go short and neither go long.

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Targets-

TP1 - 903
TP2- 880
TP3 - 854
TP4 - 827

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Also, please understand the entry and exit you have to find yourself according to your strategy.
Maintain 1:3 RR minimum with target 1.

If you like my efforts and ideas, do give a like and comment to motivate me.

Regards



Order cancelled: Bounced and crossed the mark, will look for some other time

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