Topic Statement:
HCL Tech has rebounded with the broader market, recovering from key support near 1400 and now approaching a critical resistance zone.
Key Points:
* The stock is moving in a mildly bullish up-trending channel
* The stock corrected down to the 38.2% Fibonacci retracement level around 1400 and has since staged a recovery
* The 180-day moving average at 1400 provided strong support, confirming it as a key technical level
* Price is now moving toward the 2000 mark, where it may face stiff resistance due to the potential formation of a double top candlestick pattern
HCL Tech has rebounded with the broader market, recovering from key support near 1400 and now approaching a critical resistance zone.
Key Points:
* The stock is moving in a mildly bullish up-trending channel
* The stock corrected down to the 38.2% Fibonacci retracement level around 1400 and has since staged a recovery
* The 180-day moving average at 1400 provided strong support, confirming it as a key technical level
* Price is now moving toward the 2000 mark, where it may face stiff resistance due to the potential formation of a double top candlestick pattern
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Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.