AS WE CAN SEE IT MOVING BETWEEN CHANNEL LINE SO NOW LOWER LINE IS TOUCHED IT MUST GO UP NOW TARGET IS GIVEN WITH ARROR MAKE SURE PRICE DOES NOT CLOSE BELOW CHANNEL LINE ON CLOSING BASIS IN 15 MINUTE CANDLE
NOTE: TRADE AT OWN RISK INTRADAY IS RISKY
NSE:HCLTECH Short at 1136.85 with SL at 1145.70 and TP 1119.20
Note:
Consult your registered adviser before taking any decision.
Always risk 1% of account size per trade, adjust the position size accordingly.
HCLTECH can be bought for trading. Had given a Buy call yesterday on Twitter (@SureShotWinner) but could not update here due to some issue. It seems to be working well. The call was BUY HCLTECH AT 1093-95 TARGET 1190 SL BELOW 1040. Can again be bought on dips. Good for short term trading.
HCLTECH can resist 1097 thus those who are long can book profits or trail SLs in the money. Fresh buying can be done if we get closing above 1097. High risk traders can even sell with a protective SL above 1104 for targets of 1050-40.
Trading Supports - 1050, 1030 & 1000
Trading Resistance - 1097 (Closing Basis), 1104, 1120 & 1150
STOP LOSS 1020
IF DIPS TO 1050 , GOOD PRICE TO BUY
LOOK FOR 1115 ,1145, 1185 AND 1300
SAFER SIDE 998 CAN ALSO BE STOP LOSS ,THOSE WHO WANT TO PLAY LONG TERM.
IT GOT HUGE SUPPORT AROUND THIS AREA.
Disclaimer: All posts/views are for educational purpose only..!!
Kindly contact financial advisor before taking position/decision.
As explained in the chart market is expected is to continue downtrend till monthly support...
Let's see and watch....
Targets are mentioned in the chart..
![HCLTECH: HCLTECH Short Setup [Intraday]](https://s3.tradingview.com/h/HUowpTdF_mid.png "HCLTECH Short Setup [Intraday]")
