Birds eye view shows the uptrend so high probability of moving up. Good signal for a long position.
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Note: This is for educational purpose only. Please do not trade in F&O based on this.
There seems to be a bullish breakout with high volume. There seems to be similar breakout in RSI as well. Volumes have increased as well. RSI above 65 indicates bullish momentum.
You can buy 50% now and rest in dips until 221₹ - 219₹.
My SL is: 212₹
HCL Tech Long
RSI divergence clearly visible on hourly chart
Taking support at 930 ( 50 Day EMA)
Buy at CMP-938
Target- 980, 1003
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
The price has formed a " Double bottom " Pattern on a Monthly time frame which a bullish pattern , where as in daily time frame the price has broken the channel pattern wait for a retest for buying opportunities..