After a rise from the lows of 881 to 1022 levels, looks like HCL TechNSE:HCLTECH has topped out signaling the end of countertrend.
I can see that the stock has got rejected at the trendline resistance and also at 61.8% retracement of the previous downmove.
Also, it has formed an Evening Star like pattern today as well as on July 13.
Good opportunity to short here with a stop loss of 1015 for successive targets of 968 and 936.
Keep an eye on result which is set to be declared on July 27,2018.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.