HCL Tech is holding higher levels (forming flag patterns) of the possible parallel channel. Expecting a breakout in near future.
As of now, market sentiment is downward to sideways trade after HCL crosses any of the given levels.
.
Expected buying or selling levels will be :
1) Buying pressure can be seen above 850.00 Levels.
2) Steep selling pressure can be seen below 780.00 Levels.
.
Breakout with volume is to be kept an eye on.
Calculate your RR Ratio and trade accordingly. Stop loss must be below the previous swing.
As of now, market sentiment is downward to sideways trade after HCL crosses any of the given levels.
.
Expected buying or selling levels will be :
1) Buying pressure can be seen above 850.00 Levels.
2) Steep selling pressure can be seen below 780.00 Levels.
.
Breakout with volume is to be kept an eye on.
Calculate your RR Ratio and trade accordingly. Stop loss must be below the previous swing.
Trade active
Still in rangeTrade active
Breakout with good volume half quantity in.Trade active
Good profit in progress.Trade closed: target reached
@ 900.00 Levels.
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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.
Related publications
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.