HCL Tech Hourly breakout structure
HCL Tech Long candidate
Buy above 1256
Targets of 1268 / 1288
With SL below 1249
Trade Setup
>Reversing from 0.5 Fib retracement of the recent rally.
>Good consolidation range from recent few days.
>Hourly Bullish engulfing with good volume support.
>Hourly RSI and MACD forming Divergence
>Results on 11 Oct, can trigger as a catalyst for bullish momentum.
>Nifty IT is looking bullish as well.
(For educational purpose only)
Buy above 1256
Targets of 1268 / 1288
With SL below 1249
Trade Setup
>Reversing from 0.5 Fib retracement of the recent rally.
>Good consolidation range from recent few days.
>Hourly Bullish engulfing with good volume support.
>Hourly RSI and MACD forming Divergence
>Results on 11 Oct, can trigger as a catalyst for bullish momentum.
>Nifty IT is looking bullish as well.
(For educational purpose only)
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