ParamjitMahapatro

hcltech looks bullish in medium term

Long
NSE:HCLTECH   HCL TECHNOLOGIES
in weekly, it is in ascending channel, price bounced from channel support, moving up now,
in daily, regular bullish divergence formed at channel support,

Also in longer time frame, it can touch previous all time high level,
sl - 830, 1st tgt - 940, 2nd tgt - 1040
Trade active:
moving up, till now 891.80
Comment:
in daily, price closed above upper BB and BB is expanding, sign of bullishness,

Trade active:
touched 900
Trade closed: target reached:
cmp - 958, so 1st tgt already achieved here, cheers

followup chart for reference,


10% return in 45 days
Comment:
2nd tgt will be achieved soon here
Trade active:
cmp - 964, in daily, price bounced from horizontal support,
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