HCLTECH--Near it's Demand zone??
Updated
Observations::
This stock is in uptrend...now its near demand..look for buy.
A strong bullish momentum is observed from this zone...1180
it has taken support from this zone multiple times...
now again it is at the same zone....
look for buy side...
weak momentum to the bottom side is also observed.
if we see a strong fall is observed from this zone 1196...
it will test soon before falling again from this zone...
This stock is in uptrend...now its near demand..look for buy.
A strong bullish momentum is observed from this zone...1180
it has taken support from this zone multiple times...
now again it is at the same zone....
look for buy side...
weak momentum to the bottom side is also observed.
if we see a strong fall is observed from this zone 1196...
it will test soon before falling again from this zone...
Note
it is also near its trendline....previously broken and now it is coming back for retest.Note
price is continuously falling after the break of demand zones and trendline...it has to retest before falling...again...will wait for the retest...observe this for short entry...
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Also share your thoughts in the comments section.
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