Disclaimer: It is my point of view. I will not be responsible for any profit or loss made by the trader. Do take trade on your own responsibility.
Description: HCLTECH Broke the triangle pattern and fall from that level after retesting the same levels, it started falling. The horizontal lines drawn are the support/resistance levels.
HCLTech to take short after confirmation below the level of 825 after the TL broken. Rejecting from the resist level. Trading below 20 EMA. Target till no trading zone around the level of 730-725. SL level 860. Good risk to reward ratio. This is for your educational purpose only.
HCL TECH – Seems consolidating. It gave Rs 12 from the low price of selling divergence candle on 15 minutes chart. Strong support at Rs. 821 to watch out !!
Indicator used TE REKAB, it captures reversals in the market.
The Indicator used shows Reversals forming in live market, it is a whole setup in its own and is very helpful for...
I hope you can now see how HCLTECH represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the...