HCL TECHNOLOGY
◇ Keep a lookout For Breakout.
~Multiple Time Frame Analysis~
○ On 1W Time Frame.
• Ascending Symmetrical Triangle Breakout can be seen, Which indicates the stock is in uptrend.
(Orange dotted line on the chart represents Resistance and support line From weekly Time Frame.)
○On 1D Time Frame.
• The stock is making Higher low And Higher High, Which indicates again that the stock is in uptrend.
■TO INITIATE A TRADE,
● Wait for the Breakout on daily Time Frame, only initiate the trade if the stock gives closing above the resistance line on a daily basis.
● SL can be maintained below the Breakout candle or at previous swing low.
● The green dotted line on the chart represents Eventual Targets.
● Atleast Maintain a risk reward ratio of 1:1
<Additional good news for the company Regarding Ties with US Based verizon bussiness>
*This is not a call, For education purpose only.
~Multiple Time Frame Analysis~
○ On 1W Time Frame.
• Ascending Symmetrical Triangle Breakout can be seen, Which indicates the stock is in uptrend.
(Orange dotted line on the chart represents Resistance and support line From weekly Time Frame.)
○On 1D Time Frame.
• The stock is making Higher low And Higher High, Which indicates again that the stock is in uptrend.
■TO INITIATE A TRADE,
● Wait for the Breakout on daily Time Frame, only initiate the trade if the stock gives closing above the resistance line on a daily basis.
● SL can be maintained below the Breakout candle or at previous swing low.
● The green dotted line on the chart represents Eventual Targets.
● Atleast Maintain a risk reward ratio of 1:1
<Additional good news for the company Regarding Ties with US Based verizon bussiness>
*This is not a call, For education purpose only.
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