Hcl tech trade on some crucial levels. according to day by day chart, it is making a double top and at this level make and break if the neckline break we will see lower levels in hcl tech when it is not broken so we see 10% - 15% upside .
only the one who is moving the stock knows. maybe and will be, shall be are all just gambles. cut the crap of 30 year old head shoulder, neck line analysis crap. you can't trade in it without hitting multiple stoplosses.
its a trap, tcs made that same pattern back in march start, and INFY as well, but he went up made new high but HCL as of yet has not, the results were all good, the fall is due to the company declaring less profit and distributing it amongst its employee which shareholders didn't liked but record-high order book of HCL is solid it will easily go 1200 by next quarter reuslt
With RSI @ 37 and clear cut MACD crossover and weekly, fortnightly and monthly ema cutting through with huge sell volumes, last 7 closing below 20DSMA, I am more inclined towards a down move. The support won't hold for long. Down move is evident for at least 2 weeks