NeeteshJain

HCL BREAKS BELOW DESCENDING TRIANGLE

Short
NeeteshJain Pro+ Updated   
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.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.