TheChartereds

HCL: To break or not to break? ️‍🩹

Long
TheChartereds Updated   
NSE:HCLTECH   HCL TECHNOLOGIES
Here are some pointers for HCL:

- HCL recently broke its range and the final resistance trendline.
- The breakout was quite close to a resistance zone. A bearish engulfing prompted selling, but retest and continuation potential remains.
- A retest candle with a long lower wick signifies bullish sentiment. Notice the price sustained over the trendline.
- Your support means a lot to us. Do consider boosting this Idea.
- A Sustained close above the resistance zone can pave the way for HCL's upward movement.
- Also, the Indian IT sector is approaching its critical resistance for the third time. (link in the comment section)

Caution: When the bull runs, everything seems Green. Being cautious always pays well. Remember, you will be buying the top.

Don't let the analysis end here! Boost, comment, and follow for more such insightful posts.

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Nifty IT:

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The most important pointer in the above analysis was:

- A Sustained close above the resistance zone can pave the way for HCL's upward movement.
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And we have a strong breakout !!!
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Breakout - Retest - Continuation
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