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Tagged: Double Bottom, HCL TECH-Bullish in Jan
Following is the analysis for the Points marked in the chart.
Double bottom formed at Point A(15-Dec) and B(07 Jan), the duration between A and B is apprx 20 days and high volume seen at Point B, hence qualifies double bottom sequence.Trade Plan: Direction-Long, Entry above 1407, Stop Loss: 1500, Target: 1720
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