AkshayAdak

Breakout by Bluechip #bbb

NSE:HCLTECH   HCL TECHNOLOGIES
Breakout by Bluechip #bbb
HCLTECH gave breakout from this pattern with avg . volume and we saw a retest with good volumes.
High volume than the breakout candle.
This is not a good indication.
Retail traders may get trap at higher levels.

Waiting for the strong indication of bullish trend is the best option for now.
Nifty is near all time high.
I will not expect higher target at this levels.
But thinking to capture a small swing scalp with strict stoploss.

This post is for information purpose only.
Comment: After breakout, 1073 to 1238 level today.
Almost 15.5% in blue chip stock.

Comments