HCL showed a sharpp bounce from 353 Levels which is coincidentally its 200 SMA,but on shorter time frame failed to cross above its trendline as indicated on charts
MACD is showing a sell signal,RSI moved into near oversold zones,Trade can be intiated both on long and short side depending upon levels given
Buy above 372 tgt 380 and 388 sl 370
Sell below 353 tgt 344 and 337 sl 360
When we last visited this stock our two tgts got achived.Click on the link to visit the post
Now at 547 a trendline resistance is coming,which if not crossed can halt the rally which we are seeing in past few trading sessions.
Buy above 547 tgt 552 and 557
Sell below 536 tgt 530 and 526
Targets are small and can be achieved intra day.