HCL Technologies Ltd on a daily
chart price is making higher high pattern also trading above 20 DMA. Technically
on chart stock price at Rs. 801 has given the breakout above the upper trend
line of symmetrical triangle or continuation pattern at Rs.798, with sharp
increase in volumes, indicate rally will continue for the multi month towards
Rs. 847 level.
If one were to go by the
volume data, a higher upswing is seen on the stock price. Trader or investor
can accumulate at Rs. 801 for the target of Rs. 847 levels, with Rs.778 stop
loss on closing basis.
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