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brainmassfinance

Is IT stocks ready to lead the NIFTY?

Long
HCL TECHNOLOGIES (NSE:HCLTECH)  
brainmassfinance  
NSE:HCLTECH   HCL TECHNOLOGIES
Trend Analysis Chart Patterns Wave Analysis HCLTECH hcltechlong Fibonacci Retracement ichimokutrader macdivergence rsi_divergence ADX elliotwaveanalysis ATR
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trendanalysis chartpattern waveanalysis hcltech hcltechlong fibonacciretracement ichimokutrader macdivergence rsi_divergence adx elliotwaveanalysis atr
HCL TECH : CMP 1134
SUPPORT : 1010-1030
TGT : 1215/1305

IT index is going to support the NIFTY as most IT stocks is showing similar trends, Our pick is in this segment is HCLTech CMP 1134 has good support at 1010-1030 which is 50% retracement of recent high 1149 and about to breach the high and is heading towards 52wk high 1215 and if we consider Ellliotwave then it is continuation of wave 3 which will take it to 1305 which is our final TGT.
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