HCL Tech has been consolidating in a range and is forming a potential triangle. The stock has also formed a Bearish Divergence between the price and the RSI Indicator.(While the price has been making similar highs, the RSI has been forming lower highs). The stock is still away from it's Support and Resistance areas but looking at the current market scenario, it might not be a surprise if the move is done with in a single day.
Keep a lookout for any breakouts on either sides.
Should be interesting.
Keep a lookout for any breakouts on either sides.
Should be interesting.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.