HCLTECH on weekly touched 200EMA, by falling more than 30%.
Making higher high now.
To improve RR ratio; SL needs to be adjusted after price sustains the breakout and moves above 100EMA.
Thesis: Price should try and push towards DAILY 200EMA, i.e, returning to the mean.
Making higher high now.
To improve RR ratio; SL needs to be adjusted after price sustains the breakout and moves above 100EMA.
Thesis: Price should try and push towards DAILY 200EMA, i.e, returning to the mean.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.