HCL tech making descending triangle pattern in 15M chart. Breaking this pattern can give a good breakout either side, probability of breakout is upside and i can easily break its previous high of 1072.
Reasons of breakout :
1. It had broke its 1045 level on 5 august which was a resistance and being tested on 15 jan, 8 apri & 25 july.
2. Making a descending triangle pattern in 15M chart.
3. 1045 resistance converted into great support after reversal.
4. 200 days EMA being a good support near 1045 support level.
Reasons of breakout :
1. It had broke its 1045 level on 5 august which was a resistance and being tested on 15 jan, 8 apri & 25 july.
2. Making a descending triangle pattern in 15M chart.
3. 1045 resistance converted into great support after reversal.
4. 200 days EMA being a good support near 1045 support level.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.