Buying Opportunity in HCL TECH.
Updated
* Price broke the down trend line and came back for retest.
* This is a early buying suggestion as price didn't created a higher high (which would have acted as a confirmation).
So the Idea here is
BUY :948-950 LEVELS
SL :865 LEVELS
Target will be in execution.
Managing the trade:
If the trade goes in our way
*Exit half Quantity 1:1 Risk/Reward Target and Shift to SL to cost
*Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL.
*Exit remaining with trailing Stop loss.
*The long position in the chart is for representation purpose still I'd advise you to exit all positions at 1115 -1117 levels.
* This is a early buying suggestion as price didn't created a higher high (which would have acted as a confirmation).
So the Idea here is
BUY :948-950 LEVELS
SL :865 LEVELS
Target will be in execution.
Managing the trade:
If the trade goes in our way
*Exit half Quantity 1:1 Risk/Reward Target and Shift to SL to cost
*Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL.
*Exit remaining with trailing Stop loss.
*The long position in the chart is for representation purpose still I'd advise you to exit all positions at 1115 -1117 levels.
Trade closed: target reached
1:1 has achieved successfully now trade should not be a lossTrade closed: target reached
Successfully
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.