HCL tech making descending triangle pattern in 15M chart. Breaking this pattern can give a good breakout either side, probability of breakout is upside and i can easily break its previous high of 1072.
Reasons of breakout :
1. It had broke its 1045 level on 5 august which was a resistance and being tested on 15 jan, 8 apri & 25 july.
2. Making a descending triangle pattern in 15M chart.
3. 1045 resistance converted into great support after reversal.
4. 200 days EMA being a good support near 1045 support level.
Reasons of breakout :
1. It had broke its 1045 level on 5 august which was a resistance and being tested on 15 jan, 8 apri & 25 july.
2. Making a descending triangle pattern in 15M chart.
3. 1045 resistance converted into great support after reversal.
4. 200 days EMA being a good support near 1045 support level.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.