HCL TECH - Trade Setup (Monday)

Cập nhật
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%)
Ghi chú
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.
Đóng lệnh: đạt mục tiêu
Target 2 reached
Ghi chú
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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