Query : Can I buy HCL Tech?
Answer : Price action is nearing the support zone, but uptrend will get confirmed once the price closes above the trend line. Trend direction will be decided in coming days by the movement of price. Have to wait & watch whether the support will support the price or break it.
NSE:BANKNIFTY
BankNifty RSI closed below trend line
price closed at support
26500 will act as major support
below this another 600 - 900 fall can be possible
Prestige Estate is in uptrend on the Monthly/Weekly chart
Higher high and higher low formation on Monthly/Weekly chart
Sooner it would break the previous swing high in coming months.
Next target mentioned on chart as resistance
Security is trading between 116 and 120. Upper limit is 122. Bulls will be active above 122 if sustained for 15 mins.
Bias - Bullish ⏫
Note - Please wait till the levels are active. View negated if stock is below 116 on closing basis. This is an educational idea which would be updated on further price action observations. In no ways it is a buy/sell recommendation.
In Oct 18, there was monthly breakout
On weekly basis - trend is uptrend
Trading above 50 & 200 EMA on weekly chart
Formed the bullish flag pattern. If it goes up then next targets could be 67, 73, 90.
