HCLTECH--Channel Breakdown??After a strong breakout from trendline price tested trendline and resistance ,
again turned to be bearish by breaking the channel again...
if retest tomorrow price retest to the channel , will looking for short side...
Hcltechintraday
HCLTECH--Good to sell @1100-1120 zone??Observations:
---->> trending upwards.
----->> we have a trendline support as well.
------->>Keep track this level @1120 will again push the price to lower levels.
------>> previous support level @1070 level holds again it will turn to bullish up to 1150 range.
HCLTECH - Long view - Educational purpose onlyThe price has fallen from a level of 1377 forming a bearish flag pattern on the daily time frame and has reached the lows of 1090.
From here we should see an upward movement which has already been shown today, however look for entry opportunities above 1149 for a target of 1338.
Maintain strict stop loss due to volatility in the market.
ENTRY 1148
STOP LOSS 1122
TARGET 1338
PROFIT 7308
LOSS 1000
QUANTITY 38
On the lower side you can go short below 1120
ENTRY 1120
STOP LOSS 1130
TARGET 1062
PROFIT 5800
LOSS 1000
QUANTITY 100
Kindly use this for study purpose only
