Technical Analysis of Indian Equities 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 2799 articles.

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