manavtechresearch

HCLTECH (FUT/OPT) POTENTIAL ON THE UPSIDE IS LOOKING GOOD

Long
manavtechresearch Updated   
NSE:HCLTECH1!   HCL TECHNOLOGIES FUTURES
-STOCK ON HOURLY CHART AS MANAGED TO BREAK-OUT OF ITS BEARISH TRENDLINE
-ON DAILY CHART ALSO STOCKS IS LOOKING TO BREAKOUT FROM ITS DESECENDING TRENDLINE
-A CLOSE ABOVE 860 ON DAILY CLOSING BASIS IS ENOUGH FOR CONFIRMATION
-IF THAT HAPPENS POTENTIAL ON THE UPSIDE IS TO TEST ITS RECENT HIGH OF 900-912
-ITS A HIGH BETA STOCK SO CAN EXPECT VOLATILTY
-IF THAT IS THE CASE ONE CAN RIDE THE VOLATILITY THROUGH OPTIONS

POTENTIAL TRADE
HCLTECH FUTURES
BUY@860
STOP@845
TARGET-1@880
TARGET-2@895
TARGET-3@910
QTY=700

HCLTECH 900 CALL OPTION
BUY@18
STOP@8
TARGET-1@25
TARGET-2@32
TARGET-2@39
QTY=700
Trade active: FRESH TRADERS ENTRY ABOVE 870 ONLY

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