March 18, 2016
HCL Tech (NSE Cash)
823 - 815
14 - 21 sessions
Source: Falcon (Chart Time: 11:25 IST)
Since last one year, the stock is consolidating in a broader range wherein the price range of 800-780 as acted
as strong support. Prices since last few trading sessions are trading near the support end. The ‘RSI’ indicator is
indicating initials signs of strength and thus we are expecting prices to pullback higher from the support end.
Hence, for a pullback move
traders are advised to buy the stock at current levels and on dips to
a target of
880. The stop loss for the trade set-up can be kept at
March 18, 2016
Last 10 recommendations
Recom. Buying/Selling Range CMP
Target 2 Stop-loss
999.50 - 1009.50
Revise SL to 186
1154 - 1164
Booked at 1142
477 - 480
731 - 735
925 - 930
Exited at 929
182 - 180
Revise SL to 184
863 - 867
Revise SL to 844
Source: Angel research
* Prices adjusted for dividend Rs. 10.50
**Prices adjusted for dividend Rs. 7
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