HCL Technologies Limited
Long
Updated

HCLTECH BREAKOUT

946
IT INDEX is showing good momentum
hcltech is being strongest in this fall and recovery
hcltech will cup and handle breakout...its not proper but can be termed as it

cup and handle breakout
cmp1146.15
sl 1102
target 1430
another week close above 1146 will give confirmation

snapshot



for shortem trading
cmp 1146
sl 1105
target 1234 1293

snapshot


trend based fibonacci extension
cmp 1146
sl 1102
target 1293 ; 1448

snapshot

Note
HCLTECH very strong gave hiccup and now agin at breakout level
ride it for longtime frame
Note
hcl tech shorterm and fibonacci extension sl hit now holding in longterm for cup and handle witl sl of 1002
Note
snapshot

respected fibo level and then blast....good to go long with todays low as stop loss forming marubozu candle....lets see till end of the day
Note
snapshot

expecting this kind of move sl now 1060 weekly close if close above 1146
Trade closed: stop reached
sl hit

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