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HCL Tech has recorded a steep decline in share price followed by 2 days of stagnation around 859 levels, forming a flag formation. The highest close price of the flag is 859 which is considered as the stop loss. 840 is considered the entry level for the short position with a price target of 805 within 1-3 weeks.
Entry Level of 840 reached on 9th October.
Stop Loss hit on 12-oct-2015.
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