On the 5-minute intraday chart, price action broke above horizontal resistance at 1,346, confirming an upward trend continuation. The breakout at 11:25 AM was driven by high volume, with prices holding above the 10/20 EMAs and VWAP line. The trade setup targets momentum expansion toward 1,359 with protection set below 1,337 swing support.
Trade Setup Details:
Instrument: HCL Technologies Limited (HCLTECH) - Equity Intraday
Position Status: Active Position Held
Buy/Entry Zone: 1,346–1,349
Target: 1,359
Stop Loss: 1,337
SEBI Mandatory Disclosure & Interest Disclosure:
Research Analyst Disclosure: I/We (or associated entities) hold an active position (long) in HCL Technologies Limited at the time of publishing this research note. This report is prepared strictly for educational/informational purposes under SEBI (Research Analysts) Regulations and does not constitute direct financial advice or trade execution recommendations.
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