hcl chart study

31 thg 5, 2020

Below is my understanding of HCL chart.

HCL is forming inside candles since 30 April and trading in that range.

Note : Longer the time , price spend within the inside candle ,stronger will be the breakout/Breakdown.
HCL is trading within the range of the candle that has formed on 30 April. More than a month now it is trading in that range.

So far it looks like a long trade. If it give closing above 565 , then we can see strong buying .

1 thg 6, 2020

Ghi chú

As i said yesterday . it broke the high made in april 30 today. could see 620 soon (positional).

Plan your trade . Don't forget to book your partial profit and trailing stop loss if you are holding for short term .