HCLTECH: Swing: 1D 14-Oct'24
- Stock has been in an uptrend since around 27-Jun'24
- Starting 02-Sep'24 the uptrend has paused and the stock has been trading in a range. Marked on charts. ADX ~ 17 also confirms range bound trade
- The stock broke the trend on 11-Oct'24 with volumes greater than 50 SMA.
- The stock has taken support at 9 day SMA. It also crossed over it just 2 days ago. All +ves
- Entering long @ 11-Oct'24 close 1839.65
- Target = Trading range height + resistance = 102.85 + 1824.35 ~ 1920
- Stop Loss = 1 ATR below the resistance = 1824.35 - 39.65 = 1784.70
- Exit criteria = Hits StopLoss || Reaches Target || Price goes below 9 EMA
- Risk:Reward = 1.46:1
Trade active
Entered @ 1839.65
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.
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.