We are witnessing a double top in 
HCLTECH. It gave a breakdown on 27th Jan but on 28th price recovered a bit (as of writing this). If price fails to move up much from here and gives a close below the neckline again then it could be a good shorting opportunity for nearly 20% down move as per the height of double top formation. Keep an eye!
HCLTECH. It gave a breakdown on 27th Jan but on 28th price recovered a bit (as of writing this). If price fails to move up much from here and gives a close below the neckline again then it could be a good shorting opportunity for nearly 20% down move as per the height of double top formation. Keep an eye!
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Be a Better Trader!
Disclaimer: Do your own due diligence for buy/sell decisions.
Disclaimer: Do your own due diligence for buy/sell decisions.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.