HCL TECHNOLOGIES LTD
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HCL TECH - Trade Setup (Monday)

Обновлено
The stock is in consolidation phase, where a swing trade setup is been spotted on the daily chart.
The price action firstly made a double bottom on the previous support indicating buyers strong hold on that price range, indicative of buyers buying at support again to swing the prices up. Hence providing a low risk swing trade setup on daily chart.

T1- 950 I SL - 920 I Duration: 1-3 days

T2 - 970 SL - It may vary depending on the correction once T1 is achieved

T3 - 990 I SL - It may vary depending on the correction that will happen once T2 is achieved


HCL Future Trading:
1 Lot - 700
Margin - 1.5 Lac
T1 - Profit 14K (10%)
SL - Loss 7K (5%)
Заметка
Today, price action almost touched 950 (T1) now traders who are in the trade setup for T2, shall move up the stoploss from 920 to 930 levels.
Сделка закрыта: достигнута тейк-профит цена
Target 2 reached
Заметка
Swing Traders can book partial profits and continue for T3 with change in SL at 950.
Candlestick AnalysisDouble BottomDouble Top or BottomHCLHCLTECHSupport and Resistanceswingtrading

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