HCLTech-Bearish-Flag Pattern-Entry:840 SL:860 Target:805 Duration :1-3 weeks – EQSIS PRO

Tagged: Bearish, Flag, HCL, Short

This topic has 2 replies, 1 voice, and was last updated 8 years, 6 months ago by M Prem Rajan.

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October 9, 2015 at 5:45 AM #11626

M Prem Rajan
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Rank: Level 4

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.

October 10, 2015 at 1:01 PM #11731

M Prem Rajan
Participant

Rank: Level 4

Entry Level of 840 reached on 9th October.

October 13, 2015 at 8:28 AM #11967

M Prem Rajan
Participant

Rank: Level 4

Stop Loss hit on 12-oct-2015.
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