Fresh breakout on daily charts HCLTECH - Swing idea
We can see a fresh breakout on the weekly and the daily chart after a good consolidation of 7 months from January.
This can be a long trade with a 1:4 RR. Stop loss of 30 points which is below the weekly candle low and target can be around 130 points.
Kindly note that this is only for learning purposes and not a recommendation. Please consult your financial advisor
This can be a long trade with a 1:4 RR. Stop loss of 30 points which is below the weekly candle low and target can be around 130 points.
Kindly note that this is only for learning purposes and not a recommendation. Please consult your financial advisor
Trade active:
Buying level reached
Comment:
Lets hold till the target of 1:4 or 1:5. Patience is the key