hcl chart study
Aggiornato
Below is my understanding of HCL chart.
HCL is forming inside candles since 30 April and trading in that range.
Note : Longer the time , price spend within the inside candle ,stronger will be the breakout/Breakdown.
HCL is trading within the range of the candle that has formed on 30 April. More than a month now it is trading in that range.
So far it looks like a long trade. If it give closing above 565 , then we can see strong buying .
HCL is forming inside candles since 30 April and trading in that range.
Note : Longer the time , price spend within the inside candle ,stronger will be the breakout/Breakdown.
HCL is trading within the range of the candle that has formed on 30 April. More than a month now it is trading in that range.
So far it looks like a long trade. If it give closing above 565 , then we can see strong buying .
Nota
As i said yesterday . it broke the high made in april 30 today. could see 620 soon (positional).Plan your trade . Don't forget to book your partial profit and trailing stop loss if you are holding for short term .
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