HCLTech downtrend movement potential with RISK:REWARD 2.1 Symbol :HCLTech Time frame :1 hour Analysis: Break out from the symmetrical Triangle and rallied downside, re-tested, and again rallying on a downside.So, We can expect a SELL call. SELL below 1070 with stop loss 1108 and target 990. HOPE our analysis is adding value to your Trading Journey. NOTE:...
Daily chart: If we look at the daily time frame, we can see that the stock is trading above the 50 and 200 moving averages. You may also notice that the stock is currently trading in a very strong zone since January 2021, which is about two years. 75-Minute Chart: if we look at the 75-minute chart, we can see that the stock has broken the rectangle &retested the...
Important HCLTECH Levels ( Support & Resistance ) for Monday Market- 24-10-2022.
On a daily time frame, the stock after a bull Run has been consolidating. The flag and pole pattern is a bullish pattern and once it breaks out of the parallel channel it will give good targets. Support :- 1150, 1138 Resistance:- 1223, 1254 Wait for the break out of the parallel channel