Topic Statement:
HCL Tech has rebounded with the broader market, recovering from key support near 1400 and now approaching a critical resistance zone.
Key Points:
* The stock is moving in a mildly bullish up-trending channel
* The stock corrected down to the 38.2% Fibonacci retracement level around 1400 and has since staged a recovery
* The 180-day moving average at 1400 provided strong support, confirming it as a key technical level
* Price is now moving toward the 2000 mark, where it may face stiff resistance due to the potential formation of a double top candlestick pattern
HCL Tech has rebounded with the broader market, recovering from key support near 1400 and now approaching a critical resistance zone.
Key Points:
* The stock is moving in a mildly bullish up-trending channel
* The stock corrected down to the 38.2% Fibonacci retracement level around 1400 and has since staged a recovery
* The 180-day moving average at 1400 provided strong support, confirming it as a key technical level
* Price is now moving toward the 2000 mark, where it may face stiff resistance due to the potential formation of a double top candlestick pattern
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.