hcl chart study
Below is my understanding of HCL chart.
HCL is forming inside candles since 30 April and trading in that range.
Note : Longer the time , price spend within the inside candle ,stronger will be the breakout/Breakdown.
HCL is trading within the range of the candle that has formed on 30 April. More than a month now it is trading in that range.
So far it looks like a long trade. If it give closing above 565 , then we can see strong buying .
HCL is forming inside candles since 30 April and trading in that range.
Note : Longer the time , price spend within the inside candle ,stronger will be the breakout/Breakdown.
HCL is trading within the range of the candle that has formed on 30 April. More than a month now it is trading in that range.
So far it looks like a long trade. If it give closing above 565 , then we can see strong buying .
Note
As i said yesterday . it broke the high made in april 30 today. could see 620 soon (positional).Plan your trade . Don't forget to book your partial profit and trailing stop loss if you are holding for short term .
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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.