A weak chart
Falling with the IT pack
It broke through an important support at 1094 yesterday
It is likely to find some supp near 1052 lvls or 1010 levels
Long players will need to wait for the structure of the chart to repair
It is a short on bounce stock for now.
STops can be placed near the 1094 lvls
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.
HCL Technologies Limited is engaged in providing a range of software development services, business process outsourcing services and information technology (IT) infrastructure services. The Company's segments include software services, infrastructure management services and business process outsourcing services. The software services segment provides application development and maintenance, enterprise application, software as a service (SAAS) application services and engineering, and research and development (R&D) services to global customers. The infrastructure management services segment involves managing customer's IT assets. The business process outsourcing services segment includes contact center and help desk services. The Company delivers its solutions across select verticals, including financial services, manufacturing, retail and consumer products, media, publishing and entertainment, public services, energy and utility, healthcare, and travel, transport and logistics.
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HCLTECH
![HCLTECH: HCLTECH Short Setup [Intraday]](https://s3.tradingview.com/h/HUowpTdF_mid.png "HCLTECH Short Setup [Intraday]")
