Technical Analysis of Indian Equities by Nooresh

HCL TECH – Rising Wedge Breakdown confirmed.

A couple of weeks back was mentioning about how HCL TECH was making a rising wedge. It kept on slowly making new highs with not much strength . Finally the stock today gave the big down tick which was needed to confirm a trend change.

 

Any rise would now be a shorting opportunity or for investors to book profits and look for a downside to 1000/900

 

HCL tech - Breakdown

 

 

 

 

 

Nooresh Merani

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Article by Nooresh Merani

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