NeeteshJain

HCL BREAKS BELOW DESCENDING TRIANGLE

Short
BSE:HCLTECH   HCL TECHNOLOGIES LTD
It is been observed on hourly chart, that the price action breaks below descending triangle pattern, indicating a bearish move to support levels ahead.

Target: 740
Stoploss: 770
Trade active: It is active until the price action breaks and closes above 770 levels on daily chart. Regards
Trade active: Today, It did not close above 770 stoploss, that makes this trade valid for tomorrow as well. Apologies in case any confusion. Regards.
Trade closed: stop reached: Making a new high
Comment:
Learning: Trade after closing confirmation on the said time chart.