✅ HCL Tech has been consolidating near its upper resistance zone, where both the Bollinger Bands and trendline resistance align. This zone around ₹1630-1650 is crucial as a breakout above this level could trigger significant momentum.
✅ The stock is showing strength, moving along the upper Bollinger Band, which often precedes a breakout when combined with rising volumes.
✅ Watch for a breakout above the ₹1650 level. If the stock sustains above this zone, it could see a sharp upside move. However, failure to break this resistance may lead to a pullback towards the middle Bollinger Band and support around ₹1550-1600.
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Join our community in telegram for real time updates --- telegram.me/marketiik
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A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
Telegram- telegram.me/marketiik
A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.