27 August 2010

HCL INFOSYSTEMS – Last Close – 123.10 [27-Aug-2010]



• Weekly breakout witnessed in the stock.
• Strong positive divergence spotted in weekly.
• The stock is retracing towards 38.2% and 50% retracement level of fall from 189 to 102 placed at 134 – 144 respectively.
• Strong support placed at 117 levels.
• Buy the stock at CMP and keep the stop loss below 117[Closing].

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