Hclong
11/05/2021 Research Report For HCLTECHBuy @ Below 910
SELL Target 1 :- 921.5
(AFTER 921.5 YOU CAN MAINTAIN TRALING SL and MAXIMIZE YOPUR PROFITS)
HCL Tech NSE trading @ 928.35
An amazing script for Investors.
HCL Tech has been in an uptrend since March 20 and doesn't look weak in anyway.
An expected correction has been happening since 13th Jan 21 but the candles have been taking support along the trend line since 31st Jan 21.
We can consider this correction as a 'Continuation Bullish Flag' and expect a very strong bounce back soon.
First resistance can be seen at 1020 levels after which HCL Tech might go on to touch new highs above 1070 levels.
RSI looks a little weak but one strong bounce with good momentum will change the trend on RSI as well.
HCL Tech is giving an RR of 7Please follow these rules before taking a trade :
1. A triangle pattern is visible , so take a trade only why it breaks in the positive side in our direction.
2. Buy at 2nd green candle in 15 min or 5 mins chart frame.
3. Keep a trailing stoploss with Rs 10 in mind.
