This chart of HCL Technologies shows an inverse head and shoulders pattern—a classic bullish reversal signal. It consists of three troughs: the left shoulder, a deeper head, and the right shoulder, followed by a breakout above the neckline. The breakout projects a target of ₹2,063.75, calculated by adding the height from the head to neckline. A stop loss is placed at ₹1,599.50, below the right shoulder. This pattern suggests a potential uptrend continuation if the neckline breakout sustains with volume.
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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.