A good short term opportunity has presented itself in HCL Technologies. Stock has shown a good bounce off the 50 DMA with strong volumes. The move is coming on the back of satisfactory results. Nifty IT index is also in a good trending structure. A powerful Bullish Engulfing has formed right at the moving average which gives more confidence to go long.
SL: This is a small risk trade with Stop Loss being right below the Engulfing candle, somewhere around 1199.
Entry: Entries can be made right away at the open of next candle or you can also wait for some retracement for better risk reward ratio.
Target: Target can be ATH of around 1350+
SL: This is a small risk trade with Stop Loss being right below the Engulfing candle, somewhere around 1199.
Entry: Entries can be made right away at the open of next candle or you can also wait for some retracement for better risk reward ratio.
Target: Target can be ATH of around 1350+
Trade attivo
New swing high !!!Nota
Another swing high. Please book out some profits and trail stop to 1,295 nowTrade attivo
Great moveTrade attivo
Crossed 1,500+
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.