HCL TECHNOLOGIES LIMITED ready for all time high target of Rs.2000.00 with a breakout from inverse head and shoulder and the price is testing the breakout point. One can play for 23% upside with a stop loss of 5%
Price made higher high whereas the RSI is unable to make a new high which tells us that Gold may correct till the previous breakout levels which is approximately 2800. Multiple divergence on RSI at 80 levels may push the price down.
The finance sector of Indian stock market is leading even in the current fall, If the market stabilizes and recovers from here finance sector will lead and large cap stocks stocks like BAJFINANCE, BAJAJFINSV, CHOLAFIN, SHRIRAMFIN, HDFCBANK, ICICI BANK will be the frontrunners.
