HCL tech making descending triangle pattern in 15M chart. Breaking this pattern can give a good breakout either side, probability of breakout is upside and i can easily break its previous high of 1072. Reasons of breakout : 1. It had broke its 1045 level on 5 august which was a resistance and being tested on 15 jan, 8 apri & 25 july. 2. Making a descending triangle pattern in 15M chart. 3. 1045 resistance converted into great support after reversal. 4. 200 days EMA being a good support near 1045 support level.
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