HCL Technologies - Daily - Long- 50 SMA about to cross 200 SMA

Oct 11, 2016

HCLTECH

Good opportunity to go Long

50 SMA is about to Cross 200 SMA. For many traders crossing of SMA is a trigger to go long or to go short.

I have never traded crossing of SMA's. However this setup will give an idea how market reacts to crossing of
SMA's in next few days

Stop Loss: 784.58

Target 1: 853.09.

Target 2: can be decided after considering the move of the market in next few days.
****For Educational Purposes only****

Jan 26, 2017

Trade closed: stop reached

S/L was hit