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Short HCL Technologies,approaching channel support 720

Short
NSE:HCLTECH   HCL TECHNOLOGIES
HCL Technologies has been trading in bearish channel from several week after a false break it continued in downward direction, we may see further down ward in this stock as it is approaching to its channel support which is targeted at 720.00 in near term. Risky traders may enter short at CMP ,conservative traders may wait for some upside movement if market go green it can go up to its resistance somewhere between 775-780.

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