Titan have pattern of going down once the results are disclared , this time it's showing very strong mometum , but there is good chance of 5% short once results are out.
So this correlation explains that
Almost 85% of time before results HCL rises in uptrend about 4-10% BEFORE RESULTS.
Almost 75% of time after results HCL falls 5-10% immediately after RESULTS. 25% time it can continue uptrend.
There is one case when HCLTECH was in deep downtrend before results , then moved to uptrend after wards.
So, currently HCL is trading at...
Doller index which was on strong path before corona started falling after corona , now has reached on support level , and showing signs of reversal from here.
1. As the vaccines roll out
2. US economy resumes
3. And gold prices keep falling
We will see doller index towards 100. because uncle sam is always stonger after any correction.
