1. DIYTechnicalAnalysis is a private community of traders and investors interested in building wealth from Indian equity market. You can become a member with a one time registration fee of ₹199. Click here to become a member

HCL trading above resistence 1465 Rs is it buy?

Discussion in 'Technical Analysis' started by chethankrc, Jun 17, 2014.

  1. chethankrc

    chethankrc Active Member

    Joined:
    Jun 16, 2014
    Messages:
    49
    Likes Received:
    31
    Occupation:
    Software Engineer
    Hi,

    Can we buy HCL at current levels 1469?
     
    chethankrc, Jun 17, 2014
    Share #1
  2. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    Yes with a stop loss of 1300. In fact this stock had a very solid correction between 1300 and 1450 and now given a good breakout.
     
    shabbir, Jun 17, 2014
    Share #2
    chethankrc likes this.
  3. yankeedin

    yankeedin Responder

    Joined:
    May 3, 2012
    Messages:
    218
    Likes Received:
    90
    I doubt of its up move. If it sustains above 1460, then it may touch 1560.
    Moreover its moving sideways from Mid March, so it may fall back to 1350 level if it cannot sustain above 1460
     
    yankeedin, Jun 17, 2014
    Share #3
  4. chethankrc

    chethankrc Active Member

    Joined:
    Jun 16, 2014
    Messages:
    49
    Likes Received:
    31
    Occupation:
    Software Engineer
    Yes. Today it didnt close above 1460.
    Tomorrow we need to see first 45 minutes it will trade above 1460 after that we need to take decision.
     
    Last edited: Jun 17, 2014
    chethankrc, Jun 17, 2014
    Share #4