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DeepBlue8
Jan 18, 2022 6:42 PM

HCL Short Trade Short

HCL TECHNOLOGIESNSE

Description

Upward Channel is broken on the downside with a bearish engulfing candle
Close below the channel
support of 100 MA broken
MACD gives a negative sign
Go short
SL 1242
Target 1110

Trade closed: target reached

Target reached
The stock is now showing a bullish hammer patter on daily price action at zone of support
Thus all are advised to book profits
Comments
DeepBlue8
Stock is forming a Pin Bar Candle at Zone of value. So, those looking to take and protect profit would be advised to exit at 1170.
Rest can trail for further fall with revised SL of 1190.
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