HCLTECH - Where is HCLTECH?
1. I have taken the length(Complete candle(body range and wicks)) of the DOJI(marked as 'D') and placed exactly at the top of the candle, which likely become a destination for the price in this move.
2. As the price has already hit(2Xlength of the DOJI), it may take U turn and take a support at 1270 or 1254. I see, there is no volume at 1270, so it hit 1254.
Note: As RSI is around 71, expect the price fall with minimum speed and not ready for SHORT. Short can perform only if the price closes below 1275.
Please refer Yellow color candle(Engulfing formed between two red candles).
2. As the price has already hit(2Xlength of the DOJI), it may take U turn and take a support at 1270 or 1254. I see, there is no volume at 1270, so it hit 1254.
Note: As RSI is around 71, expect the price fall with minimum speed and not ready for SHORT. Short can perform only if the price closes below 1275.
Please refer Yellow color candle(Engulfing formed between two red candles).
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