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NSE:HCLTECH
If you can see HCLTECH getting narrowing down its movement as its going up. And last couple of days its also not showing any strong bullish closing on Daily and 1H chart.
Volume is also indicating professionals are now not interested in higher prices.
We may consider this as weak stock now which may fall or best say it will show some retracement towards down sider.
I will consider this stock bearish only if it gives solid closing below 644 on 1H chart.
This bearish view will become invalid only above 662 closing basis.
If you can see HCLTECH getting narrowing down its movement as its going up. And last couple of days its also not showing any strong bullish closing on Daily and 1H chart.
Volume is also indicating professionals are now not interested in higher prices.
We may consider this as weak stock now which may fall or best say it will show some retracement towards down sider.
I will consider this stock bearish only if it gives solid closing below 644 on 1H chart.
This bearish view will become invalid only above 662 closing basis.
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