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.
⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
- 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.
⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
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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 !!!Nota
Breakout - Retest - ContinuationNota
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🎯 You can now access our personal charts for all Nifty 500 companies📈
👉 Visit nas.io/TradeWithTc to learn Price Action with real life case studies.
#BeYourOwnAnalyst
👉 Visit nas.io/TradeWithTc to learn Price Action with real life case studies.
#BeYourOwnAnalyst
Penerbitan berkaitan
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.