Technical view by Nooresh

HCL TECH – A rising Wedge, but wait for sharp downticks

hcl tech


HCL TECH --- The stock has been a favorite till date from 540 but finally it seems there are some signs of topping out.

Looks like a small rising wedge formation which is generally dangerous.

A break below 1040 with volumes would be needed to confirm a move towards 900-950.


A stock to be kept on radar.




Planning for a training program in Chennai on October 26-27.

People interested can mail to


Mumbai session planned for October 2nd weekend.


Also we will soon be coming out with a online training program which will be through 2 weeks and in small 2-3 hour sessions. For now the material is being prepared and other execution issues being solved.





Article by Nooresh Merani

Nooresh has written 2532 articles.

You can follow Nooresh Tech on Facebook and Twitter here.

{ 0 comments… add one }

Leave a Comment