Previous targets are achieved, now time for the some next one's.
As of now the HCLTECH has a good news with a real good earning this quarter, lot of positivity, as the brokers also expect upto 80% move from these levels, but the patience is the key in the market. so wait for a proper reversal signal at the 50% fibo. levels , the market can retrace upto 782-792...
over all trend is up if the market breaks he resistance (black line) then the potential upside targets could be 760 and above. i have analyzed the long trade with the targets and stop loss as well.
hcltech looks very bullish, and in the recent past has recorded a bullish break after a consolidation. it has formed a bullish penant formation in the three hourly chart, so one can go long after the break of black line with a potential target of the green line that is around 900.
