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HCLTECH – IT stocks to move this week
Stock has been consolidating in the range of 1600-1650 but now it seems to some willingness to nudge out in the NORTH direction. Momentum indicator were moving SOUTH but has now shown some signs of reversal suggesting a BUY with internal bullish crossover. We have a downward slopping resistance line which will give a breakout at 1660.
Trade Setup
Buy At CMP
Targets : 1685/1715Stop loss: 1625

