HCLTECH view

HCLTECH is offering an ideal short trade,
The bounce from morning lows of 1208 may look BULLISH but in broad scheme of things it is not.
18th,SEPTEMBER was key turn date here and it probably have registered a medium term TOP there.
1311 was that high and that should not cross,
If our calculations are correct then STOCK is likely to print levels of 1160 and 1105 in coming days.
STOCK have PRICE and TIME RESISTANCE in zone of 1285-1305 under this its BEARISH.
26th,OCT, next CYCLE DATE here.

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